$ 1,973,900
-
$1,973,900
Price -
0
Bed - Bath
-
8,000
SqFt
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About the Listing 61010 - 3147123
8% cap rate, 8,000 SF. CMX25 building, 100% Leased Retail Building located in Brewerytown. Brewerytown is a rapidly developing neighborhood of North Philadelphia. The Property recently underwent an exterior and interior renovation in 2018-2019, limited exposure to future deferred maintenance. Fulton Bank has more than 5 years remaining on a NNN* lease and ownership recently executed a new, 7-year lease with one five-year renewal - with significant rent increases during the initial term and annual increases in the option period - with a dance studio tenant for the second floor space. INVESTMENT GRADE CREDIT TENANT Headquartered in Lancaster, PA, Fulton Bank is a publicly traded (NASDAQ: FULT), investment grade credit rated tenant with a Baa2 rating from Moody’s and over $26B in total assets. More than 50% of Fulton's location footprint is in the Greater Philadelphia area and they have targeted Philadelphia as a significant growth market. RETAIL CORRIDOR - Girard Avenue is quickly becoming a main retail corridor with numerous restaurants and shops between 26th and 30th streets in addition to surrounding national retailers like ALDI, Fine Wine & Good Spirits, Dollar Tree and Boost Mobile. More information and brochure available upon request. Fulton Bank Pro-Rata Share of Taxes, Insurance and CAM = 60%
Listing Highlights for 2700 W Girard Ave
Status
Active
Days on Site
169
Property Type
Commercial Sale
MLS ®
PAPH2461266
Year Built
1925
Total Square Footage
8,000
Lot/Acreage
0.09
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 40.00 x 100.00
- Zoning: CMX25
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,921
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
2700 W Girard Ave Philadelphia, PA 19130
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