Bensalem Crossings
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Bensalem Crossings
2 Retail Properties Offered at $13,380,000 in Bensalem, PA
Investment Highlights
- Grocery/Drug Daily Needs Anchored Center; ShopRite and CVS Represent 93% of the Center
- Attractive In-Place Non-Recourse Life Insurance Debt: 3.50% interest rate, 51% LTV, due in August 2030
- Affluent & Dense Demos; $121,000 AHHI within a 1-Mile Radius; 248,000 People within a 5-Mile Radius
- 100% National Tenants, Including ShopRite, CVS/pharmacy, Verizon, and T-Mobile (Cell Tower)
- Below Replacement Cost: $199 PSF
- Conveniently Located Near I-276, I-295, and I-95 Freeways
Executive Summary
• Grocery/Drug Daily Needs Anchored Center
• ShopRite Extended their Lease by 10 Years and Invested $2,500,000 into the Store in 2020
• CVS Pharmacy Extended their Lease by 10 Years in 2024
• Favorable In-Place Debt; 3.50% Interest Rate
• $121,000 Average Household Income
• ShopRite Extended their Lease by 10 Years and Invested $2,500,000 into the Store in 2020
• CVS Pharmacy Extended their Lease by 10 Years in 2024
• Favorable In-Place Debt; 3.50% Interest Rate
• $121,000 Average Household Income
Property Facts
| Price | $13,380,000 | Number of Properties | 2 |
| Price / SF | $195.67 / SF | Individually For Sale | 0 |
| Cap Rate | 6% | Total Building Size | 68,380 SF |
| Sale Type | Investment | Total Land Area | 10.08 AC |
| Status | Active |
| Price | $13,380,000 |
| Price / SF | $195.67 / SF |
| Cap Rate | 6% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 68,380 SF |
| Total Land Area | 10.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2200 Bristol Rd, Bensalem, PA 19020 | Retail | 62,880 SF | 1999 | - |
| 2290 Bristol Rd, Bensalem, PA 19020 | Retail | 5,500 SF | 1999 | - |
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Kevin Fryman -
Bill Asher -
Jeff Lefko -
Hanley Investment Group
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Bensalem Crossings
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