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Walgreens - Philadelphia, PA 7025 Frankford ave 13,825 SF Retail Building Philadelphia, PA 19135 $6,234,482 ($450.96/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Ranked among the top 10 most heavily trafficked sites in Pennsylvania, benefiting from exceptional visibility and strong retail cotenancy.
- Walgreens has demonstrated a strong ongoing commitment, most recently by proposing terms in 2025 to facilitate a potential lease extension.
- Potential cash-on-cash returns exceeding 10%, driven by in-place income and an available financing structure that may allow enhanced leverage.
- Features a low rent-to-sales ratio relative to the current rent, highlighting the site's high sales productivity and strong operating performance.
- Strategically positioned on a prominent, signalized hard corner, the property spans two lots totaling approximately one acre.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 13,825 SF Walgreens located at 7025 Frankford Ave in Philadelphia, PA. This asset features a low rent-to-sales ratio relative to the current rent, underscoring the site’s strong sales productivity and robust operating performance.
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
In Cooperation With Sands Investment Group Pennsylvania, LLC - Lic. PA #RB069072 - BoR: Tom Gorman - Lic. PA #RM424383
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,825 SF
Building Class
C
Year Built
1999
Price
$6,234,482
Price Per SF
$450.96
Cap Rate
7.25%
NOI
$452,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.90 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Walgreens
- Health Care and Social Assistance
- 13,825 SF
- $32.69
- Double Net
- Nov 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Walgreens | Health Care and Social Assistance | 13,825 SF | $32.69 | Double Net | Nov 2029 |
Walk Score®
Very Walkable (89)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882396600 | Improvements Assessment | $3,392,800 |
| Land Assessment | $848,200 | Total Assessment | $4,241,000 |
PROPERTY TAXES
Parcel Number
882396600
Land Assessment
$848,200
Improvements Assessment
$3,392,800
Total Assessment
$4,241,000
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