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- LoopNet Team
2801 Grant Ave
Philadelphia, PA 19114
Fusion Gyms / The Center for Autism · Office Property For Sale
Investment Highlights
- Long-term passive NNN lease structures, annual rental increases, newly renovated building, high-yield in a dense urban location.
- The Center for Autism has rare 2.7% annual rental increases and Fusion Gyms has a 16% rental increase in 2022 creating 170bps of positive yield growth
- Fronting on Grant Ave, one of the main East/West arteries across Northeast Philadelphia, with traffic counts over 37,000 vehicles per day.
- NNN leases with all expenses reimbursed (landlord responsible for roof/structure/parking).
- The Center for Autism has been operating here since 2009 and through an early lease extension the center now has over 16 years remaining.
PROPERTY FACTS
Amenities
- Air Conditioning
About 2801 Grant Ave , Philadelphia, PA 19114
This multi-tenant 60,265 square foot property sits on a massive 7.37 acre parcel on Grant Avenue, one of the main East/West arteries across Northeast Philadelphia, with traffic counts over 37,000 vehicles per day in front of the property. This large parcel size lends itself to numerous future redevelopment opportunities if necessary. It's also situated 1/2 mile from the Roosevelt Boulevard (Route 1) with nearby major retailers including Walmart, Lowe's, Chick-fil-a, Wawa, Rite Aid, Giant and AT&T, and traffic counts over 44,000 vehicles per day. These long-term, passive NNN leases along with annual rental increases, a newly renovated building and high yield makes this the ideal investment for the astute investor.
PROPERTY TAXES
| Parcel Number | 882972025 | Improvements Assessment | £1,493,772 |
| Land Assessment | £3,485,468 | Total Assessment | £4,979,241 |
PROPERTY TAXES
