For Sale
$7,024,000
4610 City Ave Philadelphia, PA 19004
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Absolute NNN ground lease with 3+ years remaining on the base term and four, five-year option periods; 12% rental increases in each option period.
- No landlord responsibilities; ideal for passive investors.
- Investment-grade tenant: Bank of America (A+ S&P rating), operating since 2008 with $276M in deposits.
- High-performing location: 0.55-acre site with a two-lane drive-thru, dedicated parking, and 157,100 annual visitors (Placer.ai).
- Excellent location: Hard corner at a signalized intersection on City Avenue (Route 1), near I-76, and surrounded by national retailers. High residual value with redevelopment potential.
- Dense, growing submarket: 0.8 miles from Saint Joseph's University (8,400+ students), 238,362 residents within a 3-mile radius ($100,000+ average household income), and across from a mixed-use development.
Property Details for 4610 City Ave
- Property type
- Retail properties, Banks
- Square Feet
- 4,400 SF
- Year Built
- 2008
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 23,958 SF
- Units
- 1
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 40.0024462
- Longitude
- -75.2232531
Nearby Similar for Sale
FAQs
- Where is the retail property located?
- The property is located at 4610 City Ave Philadelphia, PA.
- What is the asking price?
- The asking price for this property is $7,024,000.
- What are key features of this property?
- This property features: Absolute NNN ground lease with 3+ years remaining on the base term and four, five-year option periods; 12% rental increases in each option period.; No landlord responsibilities; ideal for passive investors.; Investment-grade tenant: Bank of America (A+ S&P rating), operating since 2008 with $276M in deposits.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Visit Broker Website