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Corporate Burger King | Trophy Location 2037 S Broad St 4,201 SF Retail Building Philadelphia, PA 19148 $2,900,000 ($690.31/SF) 5.04% Cap Rate
Investment Highlights
- Trophy Location in Historic Bank Building with Rare Walk Up Window in the Heart of South Philadelphia
- Corporate Guarantee from Burger King Company, LLC
- Positioned at the Entrance of SEPTA’s Snyder Station with the Broad St Line Connecting Service with 120,000 Daily Riders
- 15 Year Absolute with Zero Landlord Responsibilities
- Attractive 10% Rent Increases Every 5 Years, Including Options
- Adjacent to South Philadelphia High School (1,000 Students) and a Proposed Mixed Use Luxury Apartment Building
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,201 SF
Building Class
C
Year Built/Renovated
1900/2025
Price
$2,900,000
Price Per SF
$690.31
Cap Rate
5.04%
NOI
$146,160
Tenancy
Single
Building Height
1 Story
Building FAR
1.03
Lot Size
0.09 AC
Zoning
CMX-2 - Mixed Commercial
Frontage
Amenities
- Bus Line
- Corner Lot
- Metro/Subway
- Restaurant
- Security System
- Signage
- Signalized Intersection
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882963205 | Improvements Assessment | $1,216,640 |
| Land Assessment | $304,160 | Total Assessment | $1,520,800 |
Property Taxes
Parcel Number
882963205
Land Assessment
$304,160
Improvements Assessment
$1,216,640
Total Assessment
$1,520,800
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