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Forman Mills (NNN Lease) 5694A Rising Sun Ave

66,000 SF 100% Leased Retail Building Philadelphia, PA 19120 $11,218,033 ($170/SF) 7.13% Cap Rate

Retail Space Pennsylvania Philadelphia 5694A Rising Sun Ave, Philadelphia, PA 19120

Investment Highlights

  • Rare Single Tenant Net Leased Property Located in Philadelphia, Pennsylvania
  • Forman Mills Operates 46 Stores Across 9 States and Washington DC
  • Corporate Guarantee by Forman Mills (Owned by Shoppers World)
  • Triple Net Lease with Rental Increases in 2026 and 2028

Attachments

Forman Mills - 5694 Rising Sun Offering Memorandum (2)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
66,000 SF
Building Class
B
Year Built
1950
Price
$11,218,033
Price Per SF
$170
Cap Rate
7.13%
NOI
$800,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Land Acres
21.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
G2 - G2 zones generally permit a mix of retail, office, and service-oriented businesses.

Amenities

  • Pylon Sign
  • Signage
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Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness
Bank of America
Bambu
Nathan's Famous-delivery Only
IHOP
ALDI
Santander
YouFit Gyms
ShopRite
Rent-A-Center

PROPERTY TAXES

Parcel Number 882086000 Improvements Assessment $10,170,180
Land Assessment $23,730,420 Total Assessment $33,900,600

PROPERTY TAXES

Parcel Number
882086000
Land Assessment
$23,730,420
Improvements Assessment
$10,170,180
Total Assessment
$33,900,600
(201) 742-6118

  • Listing ID: 32493292

  • Date on Market: 7/17/2024

  • Last Updated:

  • Address: 5694A Rising Sun Ave, Philadelphia, PA 19120

More public record information on 5694A Rising Sun Ave, Philadelphia, PA 19120

The Retail Property at 5694A Rising Sun Ave, Philadelphia, PA 19120 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 1 of 7
Forman Mills Cover
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 2 of 7
5696 Rising Sun Ave Philadelphia, PA DB (2 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 3 of 7
5696 Rising Sun Ave Philadelphia, PA DB (3 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 4 of 7
5696 Rising Sun Ave Philadelphia, PA DB (14 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 5 of 7
5696 Rising Sun Ave Philadelphia, PA DB (15 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 6 of 7
5696 Rising Sun Ave Philadelphia, PA DB (19 of 19)

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Forman Mills (NNN Lease) | 5694A Rising Sun Ave
(201) 742-6118 x

Forman Mills (NNN Lease) | 5694A Rising Sun Ave

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Alan Cafiero

(201) 742-6118

(201) 742-6118

David Cafiero

(201) 742-6115

(201) 742-6115

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