5744 Mascher 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 58,347 people within 1 mile, 421,110 people within 3 miles and 891,549 people within 5 miles
- Surrounding traffic counts exceed 26,000 vehicles per day
- This location has been a Rita's for 25+ years
Property Facts
Amenities
- Bus Line
- Security System
- Signage
About 5744 MASCHER ST , PHILADELPHIA, PA 19120
This Rita's property located on North Mascher 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 North Mascher Street, Old 2nd Street and W Grange Avenue, with combined traffic counts of 26,000 vehicles per day. This is a densely populated and growing area with 58,347 people within 1 mile, 421,110 people within 3 miles and 891,549 people within 5 miles. It's also a very walkable location situated among neighborhoods and local businesses.The site is also located 0.5 miles from the One & Olney Shopping Center with national tenants including Shop Rite, Burger King, GNC and Wells Fargo.
