1043 N Front St Philadelphia, PA 19147
NNN leased Carvana investment property with long-term commitment.
Property size:
8,104 SFLot size:
1.87 AcresProperty Features for 1043 N Front St
General Information
- Size
- 8,104 SF
- Lot size
- 1.87 Acres
Source:
Moodyscre
Listing Agent: David Wirth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Carvana Investment Property in Philadelphia
This is an opportunity to acquire the fee simple interest in a freestanding Carvana investment property located in Philadelphia, Pennsylvania. The property is absolute NNN leased. The tenant, Carvana, LLC, has approximately 17 years remaining on the lease, with 4 (5-year) options to extend, demonstrating a long-term commitment to the site. The lease features increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI throughout the initial term and at the beginning of each option period. The property is 8104 square feet. The lease is absolute NNN with zero landlord responsibilities.
Location Intelligence
Current Use by Public Records
Carvana Philadelphia
Used Car Dealer
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.137566
- Latitude
- 39.965567
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FAQs
What type of property is this?
Car wash - NNN leased Carvana investment property with long-term commitment.
Where is this car wash located?
The property is located at 1043 N Front St Philadelphia, PA.
What is the asking price?
The asking price for this property is $15,171,000.
What are key features of this property?
This property features: - Absolute NNN lease with zero landlord responsibilities, offering a management-free investment.; - Approximately 17 years remaining on the lease, indicating long-term stability.; - Lease includes rent increases equal to the lesser of (i) 7.92337% or (ii) 1.25x CPI, providing protection against inflation.