2651 WHEATSHEAF LANE
Sold

2651 WHEATSHEAF LANE

2651 WHEATSHEAF LANE, PHILADELPHIA, PA 19137

$725,000
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.

37,108 Sq.Ft. LIVING AREA

0.85 Acres lot

Mike McCann

Mike McCann

Features & Amenities

Area & Lot

  • Status Sold
  • Date Sold May 11, 2026
  • Living Area37,108 Sq.Ft.
  • Total Area37,108 Sq.Ft.
  • Lot Area0.85 Acres
  • MLS® IDPAPH2545596
  • TypeCommercial
  • YEAR BUILT2025
  • School DistrictPHILADELPHIA CITY

Exterior

  • water SourceOther
  • parkingNone
  • HEAT TYPEOther
  • AIR CONDITIONINGOther
  • sewerOther
  • Disability FeaturesNone

Financial

  • Sales Price$725,000
  • Real Estate Tax $15,397/yr
  • Zoning I2

Let’s Build Your Next Chapter

Whether buying, selling, or investing, The McCann Real Estate offers unmatched experience, strategic guidance, and a team committed to your success.
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Contact Mike

Mike McCann “The Real Estate Man”

Phone

(215) 709-4141

Email

[email protected]

Phone

(215) 607-6007

Address

The Mike McCann Team 728 South Broad Street, 3rd Floor Philadelphia, PA 19146 Main Line McCann Team 6 Coulter Ave, Second Floor Ardmore, PA 19003

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