8525 Frankford Ave, Philadelphia, PA 19136
10,125 SF | Retail Building | Philadelphia, PA 19136 | $4,800,000 ($474/SF) | 5.99% Cap Rate
For Sale
Active
Asking Price $4,800,000
- Property Type
-
Retail
- Square Feet
- 10,125 SF
- Price / Square Foot
- $474
Listing Contacts
- Property Info
Property Overview
• 12+ years remaining on the primary base term with no rent holiday and escalations in renewal option
• Over 25 years of operation and hard corner location on state road
• Trophy location in the Greater Northeast section of Philadelphia
• Centrally located to several major area hospitals
• Property benefits from a densely populated location with over 500,000 residents and over 180,000 households within a five mile radius
• Just 10 miles from Downtown Philadelphia with nearby access to Interstate-95, U.S. Route 1, and the Pennsylvania Turnpike
• New roof with warranty installed March of 2022
• Over 25 years of operation and hard corner location on state road
• Trophy location in the Greater Northeast section of Philadelphia
• Centrally located to several major area hospitals
• Property benefits from a densely populated location with over 500,000 residents and over 180,000 households within a five mile radius
• Just 10 miles from Downtown Philadelphia with nearby access to Interstate-95, U.S. Route 1, and the Pennsylvania Turnpike
• New roof with warranty installed March of 2022
Property Details
- Class
- C
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Drug Store, Grocery/Convenience Store
- Lot Size (sq. ft)
- 31,363 SF
Highlights
- 12+ years remaining on the primary base term with no rent holiday and escalations in renewal option
- Trophy location in the Greater Northeast section of Philadelphia
- Property benefits from a densely populated location with over 483,000 residents and over 180,000 households within a five mile radius
- Just 10 miles from Downtown Philadelphia with nearby access to Interstate-95, U.S. Route 1, and the Pennsylvania Turnpike
- New roof installed March of 2022
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