Retail Space /PA /Bensalem /
Retail Space /PA /Bensalem /

Bensalem Crossings Retail FOR SALE


Bensalem, PA | 
$13,380,000 USD
844-585-7674
, Bensalem, PA for Sale
$13,380,000 USD
Retail - FOR SALE
1/3
null | 6% Cap Rate
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Bensalem Crossings
Bensalem, PA

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HIGHLIGHTS

  • Grocery/Drug Daily Needs Anchored Center; ShopRite and CVS Represent 93% of the Center
  • 100% National Tenants, Including ShopRite, CVS/pharmacy, Verizon, and T-Mobile (Cell Tower)
  • Attractive In-Place Non-Recourse Life Insurance Debt: 3.50% interest rate, 51% LTV, due in August 2030
  • Below Replacement Cost: $199 PSF
  • Affluent & Dense Demos; $121,000 AHHI within a 1-Mile Radius; 248,000 People within a 5-Mile Radius
  • Conveniently Located Near I-276, I-295, and I-95 Freeways

OVERVIEW

• Grocery/Drug Daily Needs Anchored Center • ShopRite Extended their Lease by 10 Years and Invested $2,500,000 into the Store in 2020 • CVS Pharmacy Extended their Lease by 10 Years in 2024 • Favorable In-Place Debt; 3.50% Interest Rate • $121,000 Average Household Income

ASK ABOUT THIS PROPERTY

Kevin FrymanHanley Investment GroupMore Info
844-585-7674

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Kevin FrymanHanley Investment GroupMore Info
844-585-7674

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