This Retail Property is Off-Market.

1630 Wadsworth Ave
Philadelphia, PA 19150 ·

10,335 SF · Retail For Sale

N/A

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Dunkin Donut Portfolio, 4 Locations in Eastern PA

Price N/A Property Use Type Net Lease Investment with 10+ years left on lease
Building Size 10,335 SF Cap Rate 8.25%
Property Type Retail Occupancy 100%
Property Sub-type Free Standing Bldg Tenancy Single
Listing ID: 17321113 Date Created: 09/07/2011 Last Updated: 08/08/2012

Description

PRICE REDUCTION - The transaction is comprised of the sale of four single tenant retail buildings owned by the Seller and leased to four separate Dunkin Donuts franchisees. All the properties are located along strong retail corridors, exhibiting traffic counts ranging from 18,000 cpd to 40,000 cpd. Three properties are located in Philadelphia suburbs while one is located in York, PA, approximately 100 miles west of Philadelphia. The buildings, with 05' vintage or later, range in size from 1,920 SF to 3,479 SF and are situated on lot sizes ranging from 0.40 acres to 1.43 acres. All four buildings feature drive-thru capability and all properties are either shadowed or adjacent to neighborhood shopping centers.

The leases are structured as NNN and contain multiple five year renewal options with none expiring less than 10 years from the Closing date. Also, one asset (1630-36 Wadsworth Avenue) is encumbered by a ground lease extending through January, 2035 (inclusive of renewal options).

1630 Wadsworth Ave, Philadelphia PA 19150
3103 Cape Horn Rd, York PA 17402
1109 Bethlehem Pike, Montgomeryville PA 18936
849 East Philadelphia Ave, Boyertown PA 19512

Research

1630 Wadsworth Ave, Philadelphia, PA 19150 (Philadelphia County)

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