NNN Parking Lot Ground
519 Burmont Rd Drexel Hill, PA 19026
519 Burmont Rd, Drexel Hill, PA, 19026
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For Sale
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Recently developed NNN parking area leased to Wawa with approximately nine years remaining and 10% rent escalations.
Lot Size0.42 Acres
Days on Market102
Property Features for 519 Burmont Rd
General Information
- Standard status
- Active
- Lot size
- 0.42 Acres
- Property subtype
- Land
Listing agency
Forged Real Estate
(610) 608-2621
Listed by
Marc Mandel · License #NJ
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 4:41PM Checked: Jul 22 at 4:41PM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
JLL exclusively offers a recently developed parking area on an approximately 0.42-acre site that is leased to Wawa. The offering is structured as an NNN ground lease with about nine years remaining on the term, along with 10% rental increases every five years. The landlord is responsible for zero responsibilities under the lease terms.
The property is located adjacent to a 24-hour Wawa convenience store, which operates under a lease that runs coterminous with the parking area. Wawa remodeled the store in 2017, and the parking lease includes two (2) five (5) year renewal options with escalations continuing throughout the primary term and renewal periods.
The property is located adjacent to a 24-hour Wawa convenience store, which operates under a lease that runs coterminous with the parking area. Wawa remodeled the store in 2017, and the parking lease includes two (2) five (5) year renewal options with escalations continuing throughout the primary term and renewal periods.
Key Highlights
- Recently developed 0.42‑acre parking area leased to Wawa
- Adjacent to a 24‑hour Wawa convenience store with a lease that runs coterminous with the parking area
- Approximately nine years remaining on the NNN ground lease
Property Analytics
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 659 Burmont Rd, Drexel Hill, PA 19026
FAQs
What type of property is this?
Parking lot & garage - Recently developed NNN parking area leased to Wawa with approximately nine years remaining and 10% rent escalations.
Where is this parking lot & garage located?
The property is located at 519 Burmont Rd Drexel Hill, PA.
What are key features of this property?
This property features: Recently developed 0.42‑acre parking area leased to Wawa; Adjacent to a 24‑hour Wawa convenience store with a lease that runs coterminous with the parking area; Approximately nine years remaining on the NNN ground lease
