1209 Macdade Blvd, Philadelphia Pa
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1209 MacDade Blvd | Philadelphia PA 19023 $1,800,000 | 6.6% CAP ACTUAL SITE | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com INVESTMENT SUMMARY $1,800,000 | 6.6% CAP FINANCIAL INFORMATION INVESTMENT HIGHLIGHTS Absolute NNN Lease Expiration May 31, 2022 Located 4 miles from Philadelphia International Airport Advance Auto has been here since 2003 Annual Rent $120,000 Nearby tenants include: Walmart, ShopRite, Walgreens, Three @ Five Years CVS, Aldi, Wawa Option 1: $126,000 Options Option 2: $132,300 Option 3: $138,915 Lot Size 0.92 Acre Building Size 7,000 SF Guarantor Corporate Lease Type Build to Suit Absolute NNN Price $1,800,000 | 6.6% CAP Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com PROPERTY AERIAL $1,800,000 | 6.6% CAP W OAK LN MACDADE BLVD Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com NEIGHBORHOOD AERIAL $1,800,000 | 6.6% CAP MACDADE BLVD CHESTER PIKE Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com DEMOGRAPHICS $1,800,000 | 6.6% CAP POPULATION: 1 MILE 3 MILE 5 MILE 2024 PROJECTION 27,256 195,155 454,958 2019 ESTIMATE 27,086 194,454 452,964 2010 CENSUS 26,488 193,766 452,836 GROWTH 20192024 0.63% 0.36% 0.44% GROWTH 20102019 2.26% 0.36% 0.03% 2019 POPULATION HISPANIC ORIGIN 914 6,044 16,949 2019 POPULATION BY RACE: WHITE 17,704 108,724 202,982 BLACK 7,635 71,686 211,457 AM. INDIAN & ALASKAN 69 474 1,362 ASIAN 827 8,681 25,961 HAWAIIAN & PACIFIC ISLAND 15 79 224 OTHER 838 4,810 10,978 U.S. ARMED FORCES: 0 14 28 HOUSEHOLDS: 2024 PROJECTION 10,632 75,042 172,259 2019 ESTIMATE 10,573 74,806 171,711 2010 CENSUS 10,364 74,621 172,648 GROWTH 2019 2024 0.56% 0.32% 0.32% GROWTH 2010 2019 2.02% 0.25% -0.54% OWNER OCCUPIED 7,485 49,858 108,904 RENTER OCCUPIED 3,088 24,948 62,808 2019 AVG HOUSEHOLD INCOME $68,466 $72,361 $69,835 Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com PROPERTY PHOTOS $1,800,000 | 6.6% CAP Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com TENANT INFORMATION $1,800,000 | 6.6% CAP Advance Auto Parts is a retailer of automotive parts and accesso- ries in the United States headquartered in Raleigh, North Carolina. AAP was founded in 1932 and had 2015 sales of approximately $9.74 billion. The combined enterprise of AAP (including Carquest branded stores) operates over 5,200 company-owned and 1,300 independently owned stores covering every U.S. state, the Virgin Islands, Puerto Rico, and Canada with more than 70,000 employ- ees. It is the auto parts company with most stores after acquiring General Parts Incorporated in October 2013. In 2005, Advance Auto Parts purchased AutoPart International, Inc. which operates 202 stores along the Atlantic Seaboard. As of 2018, Autopart International still operates as a separate division within Advance Auto. In 2013, AAP purchased General Parts Inc. including Carquest, Carquest Canada and WorldPac for $2.04 billion.In April 1932, Arthur Taubman purchased the Advance Stores from Pep Boys, with two stores in Roanoke, Virginia and one in Lynchburg, Virginia. The rst major expansion of Advance Auto Parts was in 1998 when the company acquired the remaining operations of Western Auto, an auto parts and general store retailer. Most of the Western Auto operations had been taken over by Sears, Roebuck and Co. in 1987.In April 2001, Advance Auto Parts acquired Carport Auto Parts, a regional retail chain with 29 stores in Alabama and Missis- sippi. On November 28, Advance acquired Discount Auto Parts, Inc., a regional auto parts chain with 671 stores in Florida, Alabama, Georgia, South Carolina, and Louisiana. Upon completion of this merger, Advance Auto Parts became a publicly traded company, listed as a common stock on the New York Stock Exchange under the symbol AAP. The year ended with 2,484 stores in 38 states. Representative Photo Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com PHILADELPHIA | PENNSYLVANIA $1,800,000 | 6.6% CAP Philadelphia, known colloquially as Philly, is the largest city in the U.S. state and Commonwealth of Pennsylvania, and the sixth-most populous U.S. city, with a 2018 census-estimated population of 1,584,138. Since 1854, the city has been coterminous with Philadelphia County, the most populous county in Pennsylvania and the urban core of the eighth-largest U.S. metropolitan statistical area, with over 6 million residents as of 2017. Philadelphia is also the economic and cultural anchor of the greater Delaware Valley, located along the lower Delaware and Schuylkill Rivers, within the Northeast megalopolis. The Delaware Valley's population of 7.2 million ranks it as the eighth-largest combined statistical area in the United States. William Penn, an English Quaker, founded the city in 1682 to serve as capital of the Pennsylvania Colony.[10] Philadelphia played an instrumental role in the American Revolution as a meeting place for the Founding Fathers of the United States, who signed the Declaration of Independence in 1776 at the Second Continental Congress, and the Constitution at the Philadelphia Convention of 1787. Several other key events occurred in Philadelphia during the Revolutionary War including the First Continental Congress, the preservation of the Liberty Bell, the Battle of Germantown, and the Siege of Fort Miin. Philadelphia remained the nation's largest city until being overtaken by New York City in 1790; the city was also one of the nation's capitals during the revolution, serving as temporary U.S. capital while Washington, D.C. was under construction. In the 19th century, Philadelphia became a major industrial center and a railroad hub. Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice | 125 Newtown Rd, Suite 300 Plainview, NY 11803 | (516) 864.8000 | www.SilberProperties.com 1209 MacDade Blvd | Philadelphia PA 19023 $1,800,000 | 6.6% CAP FOR MORE INFORMATION 125 Newtown Rd, Suite 300 Plainview, NY 11803 Main | (516) 864.8000 www.SilberProperties.com ACTUAL SITE.