2651 WHEATSHEAF LANE, Philadelphia, PA 19137

Comments for 2651 WHEATSHEAF LANE, Philadelphia, PA 19137

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.