100 E Rockland St
Philadelphia, PA 19120
Rita’s · Retail Property For Sale
Investment Highlights
- Large 3.5% annual rental increases in the base term of the lease and option periods
- Walkable location situated among neighborhoods and local businesses
- Population has increased in the 1, 3 and 5 mile rings over the last 5 years and is projected to continue through 2024
- Densely populated area with 56,705 people within 1 mile, 451,006 people within 3 miles and 924,937 people within 5 miles
- Surrounding traffic counts exceed 16,000 vehicles per day
- This location has been a Rita's for 25+ years
Property Facts
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Signalized Intersection
About 100 E ROCKLAND ST , PHILADELPHIA, PA 19120
This Rita's property located on E Rockland Street in Philadelphia, Pennsylvania. Rita's, a "walk-up" chain which sells mainly Italian ice, frozen custard, and specialty creations, has been operating at this location for over 25 years. There are currently 6 years remaining in the initial lease term, and one, five year options to renew. The lease also boasts 3.5% annual increases throughout the base term of the lease and option period. Rita's is ideally located at the intersection of E Rockland St, Rising Sun Ave and N Front Street with combined traffic counts over 16,000 vehicles per day. This is a densely populated and growing area with 56,705 people within 1 mile, 451,006 people within 3 miles and 924,937 people within 5 miles. It's also a very walkable location situated among neighborhoods and local businesses.The site is also in close proximity to Roosevelt Blvd. / US 1 with traffic counts exceeding 33,000 vehicles per day. Nearby national retailers include Rite Aid, PNC Bank, 7-Eleven, Metro by T-Mobile, and Dunkin Donuts.
Property Taxes
| Parcel Number | 882936810 | Improvements Assessment | $90,000 |
| Land Assessment | $22,500 | Total Assessment | $112,500 |
Property Taxes
