NNN Land Lease
For Sale
Contact for pricing
Pending
2651 Wheatsheaf Ln, Philadelphia, PA 19137
Land leased on a NNN basis, with the operator responsible for taxes, insurance, maintenance, utilities, and snow removal.
Property SizeContact for details
Days on Market357
Property Features for 2651 Wheatsheaf Ln
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
McCann Commercial Real Estate
(267) 780-3419
Listed By:
Jon O'Shea · License #AB069634
Source:
Crexi
Added: Sep 10, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCann Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 2651 Wheatsheaf Lane in Philadelphia, this property is leased to a towing and vehicle storage operator under a 5-year NNN agreement that began in April 2024. The lease includes 4% annual rent increases and a tenant renewal option for an additional 5-year term at landlord-determined rent.
The NNN structure assigns taxes, insurance, maintenance, utilities, snow removal, and related operating responsibilities to the tenant. The lease provides scheduled rent growth through Year 5, when the monthly rent reaches $5,849. Year 1 cap rate is approximately 7.97%.
The NNN structure assigns taxes, insurance, maintenance, utilities, snow removal, and related operating responsibilities to the tenant. The lease provides scheduled rent growth through Year 5, when the monthly rent reaches $5,849. Year 1 cap rate is approximately 7.97%.
Key Highlights
- 5‑year NNN lease commenced in April 2024
- Leased to a towing and vehicle storage operator
- 4% annual rent increases through the initial term
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Explore this area
Business Placement
Demographics for 19137, PA
8,682
Population
3,485
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
3,618
Density / Sq Mi
$64,401
Median Household Income
$46,109
Median Earnings
$1,205
Median Rent
$212,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
NNN property - Land leased on a NNN basis, with the operator responsible for taxes, insurance, maintenance, utilities, and snow removal.
Where is this nnn property located?
The property is located at 2651 Wheatsheaf Ln Philadelphia, PA.
What are key features of this property?
This property features: 5‑year NNN lease commenced in April 2024; Leased to a towing and vehicle storage operator; 4% annual rent increases through the initial term
