AutoZone
Upper Darby, PA
The Opportunity
Summary
- PRICE $1,231,000
- CAP RATE 5.00%
- NOI $61,548
- LEASE TYPE Fee Simple: NNN
- BUILDING SIZE 7,327 SF
- PARCEL SIZE 0.45 Acres
- YEAR BUILT 1976
- REMAINING LEASE TERM ~7 Years
- OPTIONS Three (3), Five (5) Year Options
- RENTAL INCREASES 5% In Options
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant property leased to AutoZone (the “Property”) in Upper Darby, Pennsylvania, just 5 miles west of Center City Philadelphia. AutoZone, an investment grade credit tenant (S&P: BBB), occupies the property under a fee simple, triple-net (NNN) lease with approximately seven years remaining, providing a true hands-off ownership opportunity and the fee simple form of ownership allows for the property to be depreciated; an incentive not offered in a ground lease. AutoZone is paying $61,548 in annual rent ($8.40 PSF), representing one of the lowest rental rates among AutoZone locations currently on the market. This below-market rent basis enhances long-term value and provides potential for future rental growth. Additionally, the bite-sized deal structure offers investors an accessible entry point into a national, investment-grade retailer tenancy. The tenant has operated at this location for over 28 years, cultivating a strong brand presence and deep-rooted identity within the local community, underscoring long-term tenant stability and investment security.
The Property is strategically positioned along Marshall Road, offering prominent frontage and exposure to approximately 23,200 vehicles per day, ensuring exceptional visibility and consistent traffic to support tenant performance. It is located in Delaware County, the 4th wealthiest county in Pennsylvania, providing access to one of the region’s strongest demographic profiles. Within a 5-mile radius, the area is home to 721,000 residents and 298,000 households, with an average household income of $105,000, while the 3-mile trade area includes 363,000 residents and 144,000 households, supporting sustained demand and tenant performance.
Upper Darby is part of the Philadelphia MSA, which encompasses nearly 6.25 million residents, offering access to a large and diversified urban economy. The area’s dense suburban setting, combined with strong transit connectivity to Philadelphia, further enhances accessibility, market visibility, and the property’s long-term investment appeal.
