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809-843 N 48th St

34,205 SF 100% Leased Retail Building Philadelphia, PA 19139 $4,615,000 ($135/SF) 7.63% Cap Rate

Investment Highlights

  • Credit Tenant Guarantee
  • 1.7 Acres
  • High Traffic Area
  • Federal QOZ Eligible

Executive Summary

The Dollar General (NYSE: DG) Supermarket at this location has demonstrated its commitment to this site by making request to extend its current lease by an additional 5 years to 2032, with 3 (5) years options thereafter. The site occupies nearly an entire city block (1.7 AC) offering a long term real estate developer steady income from a credit tenant anchor, while eventually hitting a homerun once redeveloping the property.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
34,205 SF
Building Class
C
Year Built
1970
Price
$4,615,000
Price Per SF
$135
Cap Rate
7.63%
NOI
$352,131
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.46
Lot Size
1.72 AC
Opportunity Zone
Yes
Zoning
CA-2 - Auto-Oriented Commercial-2
Parking
60 Spaces (1.8 Spaces per 1,000 SF Leased)
Frontage
182 FT on 48th St

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Educational Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

With 30 years of experience, Brightside Academy is a leading provider of child care and early education. Headquartered in Pittsburgh, PA, they serve thousands of children per day across Pennsylvania. They believe that child care involves more than babysitting. Studies prove that 85% of brain development occurs before the age of five. Brightside Academy’s quality early childhood education program provides the appropriate experiences a child needs to connect brain synapses, which are at the root of learning and skill development. Children are born with the tools needed to learn and they are eager to learn. Brightside Academy helps lead children to their potential with state-of-the-art facilities that enhance their experiences and prepare them for a lifetime of learning. Purpose and Values at Brightside child care center Brightside Academy’s purpose plan is at the center of everything they do.

  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

  • Resources for Human Development
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Educational Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000
Resources for Human Development Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (75)
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.®

Nearby Major Retailers

Checkers
Krispy Krunchy Chicken
Saladworks
Planet Fitness
ShopRite
ALDI
Chase
Citizens Bank
Ymca
Fulton Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 882112400
  • 882112300
Land Assessment
$361,480
Improvements Assessment
$1,445,920
Total Assessment
$1,807,400
  • Listing ID: 30053462

  • Date on Market: 11/14/2023

  • Last Updated:

  • Address: 809-843 N 48th St, Philadelphia, PA 19139

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