2651 Wheatsheaf Ln
$749,000
2651 Wheatsheaf Ln, Philadelphia, PA 19137
For Sale
Commercial
Active
Last Updated: 11/28/2025
8.5
Cap Rate
63,597
NOI
Details:
Cap Rate: 8.5%
NOI: $63,597
Building Size: 37,108 sqft
Year Built: 2025
Price Per Sqft: $20.18
Zoning: I2
Highlights:
- Days on Market: 53
- Heating: Other
Description:
This is a fully leased Industrial Outdoor Storage (IOS) parcel, leased to a tow operator. The 5 year NNN lease states that tenant pays property taxes. Landlord pays liability insurance ($675/yr). The 5-year NNN lease started April 2024 and has a Renewal option at landlord’s set rent for 5 years.
Expenses: Tenant pays taxes, insurance, maintenance, utilities, snow removal, etc.
This is a turnkey passive income play with built-in rent growth, perfect for 1031 buyers or investors who want simple mailbox money.
In-place Cap Rate 8.6% cap rate.
Location
Gallery
