7720-7734 Bustleton Ave - Drug Store FOR SALE


Philadelphia, PA 19152- Rhawnhurst
$6,664,000 USD
267-238-1711
7720-7734 Bustleton Ave, Philadelphia, PA for Sale
$6,664,000 USD
Drug Store - FOR SALE
1/4
null | 6.15% Cap Rate

7720-7734 Bustleton Ave
Philadelphia, PA 19152
Rhawnhurst


OVERVIEW

MPN Realty Inc. is pleased to present the sale of 7720 Bustleton Ave. in the Rhawnhurst section of Northeast Philadelphia. The site consists of a 10,790 SF single-story retail building with a drive-thru on a little over an acre. The property is currently leased to CVS; however, the tenant has closed the store and is still paying rent. CVS is obligated per the lease for approximately 6½ years. There are also 2 billboards on the site on a year-to-year lease with Clear Channel. This income stream provides the new owner with the opportunity to continue to collect rent while working on their plans for the site. Zoned CMX-1, the site has tremendous visibility and vehicular traffic, making it ideal for retail, and is also located alongside a residential neighborhood, providing potential for residential development. The property is very well located at a signalized intersection with 3 street frontages in the heart of Northeast Philadelphia.

FOR SALE DETAILS

PRICE

$6,664,000 USD

PRICE/SF

$613 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

CMX-1

APN/PARCEL ID

882131500

ASK ABOUT THIS PROPERTY

Kenneth MallinMPN RealtyMore Info
267-238-1711

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Kenneth MallinMPN RealtyMore Info
267-238-1711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.