8525 Frankford AvePhiladelphia, PA 19136

Property Details for 8525 Frankford Ave

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.71 AC

Property size (Sq ft)

10,125 SF

Zone code

CA1

Property type

Retail properties

Property subtype

Retail space

APN

88-2-8870-00

APU

882887000

Description

This exceptional investment opportunity presents a fee-simple, single-tenant CVS Pharmacy located at 8525 Frankford Avenue in Philadelphia, Pennsylvania. The property boasts 10,125 square feet on a 0.72-acre lot, featuring 40 parking spaces. Built in 1999 and renovated in 2023, this property benefits from a new roof installed in March 2022, with a warranty in place. The current lease, a Net Lease (NN) with a corporate guarantee, has a remaining term of 11.3 years, expiring February 28, 2036. The asking price is $4,800,000, representing a price per square foot of $474.07 and a 5.99% cap rate, with a current NOI of $287,500. This prime retail location is situated on a hard corner in a densely populated area, with over 500,000 residents and over 180,000 households within a five-mile radius. Its proximity to major area hospitals further enhances its desirability. The property is zoned C7 and has been operating successfully for over 25 years. The lease includes escalations in the renewal option, providing for future income growth. This is a rare opportunity to acquire a stable, high-performing investment property with a strong tenant and significant remaining lease term. The property's location, tenant strength, and lease terms make it an attractive investment for discerning buyers. APN: 882887000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,743,886

  6.5%

  $2,532,818

  7%

  $2,351,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,333,790

  Geo Method

  $3,333,790

• Alternative Use

  Use

  Valuation

  Residential

  $2,136,526

  Hospitality

  $1,957,047

  Educational

  $1,628,240

  Medical

  $1,684,238

  Retail

  $2,532,818

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0458

Longitude

-75.0156

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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