Auction - NN Popeyes & Dollar General Retail FOR SALE


Folcroft, PA
$850,000 USD
215-531-7056
, Folcroft, PA for Sale
$850,000 USD
Retail - FOR SALE
1/11
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Auction - NN Popeyes & Dollar General
Folcroft, PA


HIGHLIGHTS

  • STARTING BID $850,000 | NN Popeyes & Dollar General | 2018 & 2021 Construction | 12+ Years WALT | $219K NOI | AUCTION OCTOBER 27-29
  • Two Strong National Tenants with Long Term Leases: Popeyes in place through January 2042 and Dollar General in place through October 2033.
  • Net Leases with Minimal Landlord Responsibilities: Both tenants operate under net leases, significantly reducing landlord obligations and offering
  • Dense Philadelphia MSA Location: Located within the Philadelphia MSA, the property benefits from a population of 137,000+ within three miles
  • High-Visibility Corridor: ±9,807 vehicles per day on Delmar Drive with excellent visibility
  • Newer Build + Low Rents + Passive Lease Structure: Dollar General was built in 2018 with Annual Rents of $125K.

OVERVIEW

Marcus & Millichap is pleased to present a Popeyes & Dollar General located on one parcel, at 1861 & 1871 Delmar Drive (the “Property”) in Folcroft, Pennsylvania (Philadelphia MSA). The Property is improved with two buildings totaling ±9,645 square feet. The Popeyes building was built in 2021 and is 2,145 square feet. The Dollar General building was built in 2018 and is 7,500 square feet. The Property benefits from long term income security and rental increases in base term to help hedge against inflation: Dollar General is leased through October 2033 (8.2 years of term left) with a 9.6% rental increase in four years and Popeyes is leased through January 2042 (16.4 years of term left) with a 10% rental increase in two years. Surrounded by national retailers including Wawa, Dunkin’, Family Dollar, Save a Lot, USPS, McDonald’s, and CVS, the property sits in a proven retail corridor with strong customer traffic and established co-tenancy synergies. Folcroft is a compact borough in southeastern Delaware County approximately 9 miles south of Center City Philadelphia. Its strategic location within the dense Philadelphia metropolitan area provides access to a population of 137,000+ residents within three miles and average household income of $80,552. Proximity to Philadelphia International Airport (2-mi), Interstate 95 (2-mi), and Interstate 476 (4.5-mi) enhance regional connectivity and drives consistent consumer demand. The property benefits from excellent visibility and high traffic counts of ±9,807 vehicles per day. This auction presents a rare opportunity to acquire a stabilized, income-producing asset in a high-density, supply-constrained submarket.

ASK ABOUT THIS PROPERTY

Mark KrantzMarcus & MillichapMore Info
215-531-7056

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Mark KrantzMarcus & MillichapMore Info
215-531-7056

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