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Bustleton Welsh Shopping Center 9233 Old Bustleton Ave 27,020 SF 100% Leased Retail Building Philadelphia, PA 19115 $3,700,000 ($136.94/SF) 9.16% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-Add Potential – Several tenants are on month-to-month gross leases, offering an opportunity to convert to full net leases and increase NOI.
- Strong Demographics – The area boasts an average household income of $99,178 within a 3-mile radius.
- Ample Parking – The center provides ±98 parking spaces, supporting easy access for retail customers.
- Densely Populated Area – Nearly 200,000 residents live within a 3-mile radius, supporting high consumer traffic.
- Flexible Zoning – Zoned CA-1 (Auto-Oriented Commercial), allowing a broad range of retail and destination-based uses.
EXECUTIVE SUMMARY
Equity CRE and Eastman Arnold are pleased to present the rare opportunity to acquire Bustleton Welsh Shopping Center, a strategically located ±27,020 SF retail center in the heart of Northeast Philadelphia. The property offers significant value-add upside through lease restructuring and enjoys strong demographics, high traffic, and a dense local population. Offered as fee simple ownership with a projected 2026 NOI of $338,765, this asset is well-positioned for investors seeking stable in-place income and long-term growth.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
27,020 SF
Building Class
B
Year Built/Renovated
1971/1974
Price
$3,700,000
Price Per SF
$136.94
Cap Rate
9.16%
NOI
$338,765
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
1.93 AC
Zoning
CA-1 - Auto-Oriented Commercial
Parking
98 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
211’ on OLD BUSTLETON AVE
AMENITIES
- Bus Line
- Pylon Sign
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,980,720 | |
| Land Assessment | $745,180 | Total Assessment | $3,725,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$745,180
Improvements Assessment
$2,980,720
Total Assessment
$3,725,900
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