This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2271 W Hunting Park Ave
Philadelphia, PA 19140
Rita's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 3.5% annual rental increases in the base term of the lease and first 4 years of the option period | 4.75% increase in the last year of the option
- Densely populated area with 38,836 people within 1 mile, 403,242 people within 3 miles and 1,000,073 people within 5 miles
- This location has been a Rita's for 25+ years
- Signalized intersection location with traffic counts exceeding 36,000 vehicles per day
- Population has increased in the 1, 3 and 5 mile rings over the last 5 years and is projected to continue through 2024
- Nearby national retailers include Family Dollar, ShopRite, ROSS, Wendy's and Dunkin Donuts
PROPERTY FACTS
AMENITIES
- Signage
- Tenant Controlled HVAC
ABOUT 2271 W HUNTING PARK AVE , PHILADELPHIA, PA 19140
This Rita's property located on West Hunting Park Ave 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 the first four years of the option period. The last year of the option period boasts a 4.75% rental increase.Rita's is ideally located at the intersection of West Hunting Park Ave and Wissahickon Ave with combined traffic counts over 36,000 vehicles per day. This is a densely populated and growing area with 38,836 people within 1 mile, 403,242 people within 3 miles and 1,000,073 people within 5 miles. Nearby national retailers include Family Dollar, ShopRite, ROSS, Wendy's and Dunkin Donuts. Additional nearby uses include Mercy Vocational High School (371 students), Randolph A. Philip Avt High School (554 students), Wissahickon Charter School (888 students), and Simon Gratz HS Mastery Charter (753 students) and Salvation Army Kroc Center of Philadelphia Community Center.
PROPERTY TAXES
| Parcel Number | 882929525 | Improvements Assessment | $287,200 |
| Land Assessment | $227,400 | Total Assessment | $514,600 |
PROPERTY TAXES
