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Swiss Farms 5340 N Springfield Rd 1,256 SF Retail Building Clifton Heights, PA 19018 $1,295,000 ($1,031.05/SF)
Executive Summary
The property offers a high degree of site visibility with multiple access points with a double drive through. Nine (9) years remain on the initial term of the lease with rent increases annually and an additional three (3), five (5) year renewal options. This triple net leased property, having no landlord responsibilities also carries a corporate guarantee.
Strong demographics in a densely populated growing and affluent suburban Philadelphia market with an average of more than 17,000 cars passing the site daily.
Strong demographics in a densely populated growing and affluent suburban Philadelphia market with an average of more than 17,000 cars passing the site daily.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,256 SF
Building Class
C
Year Built
2006
Price
$1,295,000
Price Per SF
$1,031.05
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.66 AC
Zoning
C-1 and R-3 - C-1 Traditional Neighborhood Commercial District and R-3 Residential District.
Parking
10 Spaces (7.96 Spaces per 1,000 SF Leased)
Frontage
142’ on Springfield Road
Amenities
- Drive Thru
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16-13-03182-01 | Improvements Assessment | $188,820 |
| Land Assessment | $146,930 | Total Assessment | $335,750 |
Property Taxes
Parcel Number
16-13-03182-01
Land Assessment
$146,930
Improvements Assessment
$188,820
Total Assessment
$335,750
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Swiss Farms | 5340 N Springfield Rd
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