4113 G StPhiladelphia, PA 19124

For Sale
$2,567,847

High-yield NNN lease, strong tenant, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot retail property located at 4116 G St, Philadelphia, PA 19124. The property is currently 100% occupied by a portfolio of Dollar General, Dollar Tree, and Family Dollar stores under an absolute NNN lease with a credit-rated corporate guarantee. The lease boasts a remaining term of six years with six, five-year renewal options, each including a 10% rent increase. A significant 10% rent bump is also scheduled for 2025. The current lease expires September 30, 2030. The property features a 7.85% cap rate and a net operating income (NOI) of $201,576. Built in 2015, this upgraded brick building sits on a 0.97-acre lot in a dense retail corridor with high traffic counts exceeding 26,183 vehicles per day. Nearby national tenants include CVS, Marshalls, Pep Boys, and numerous other well-known brands. The property benefits from its proximity to Philadelphia International Airport and St. Christopher's Hospital for Children. The surrounding area boasts approximately 928,428 residents within a five-mile radius, with an average household income exceeding $348,059. This property offers a compelling combination of strong tenant occupancy, a favorable lease structure, and a prime location within a thriving market. The asking price is $2,567,847.

Highlights

  • $2,567,847 asking price for a fee-simple, net-leased retail property.
  • Absolute NNN lease with a credit-rated corporate guarantee from Dollar General, Dollar Tree, and Family Dollar.
  • 9,026 square feet on a 0.97-acre lot, built in 2015, currently 100% occupied.
  • Six years remaining on a 15-year lease with six 5-year options, each including a 10% rent increase; next increase in 2025.
  • $201,576 annual net operating income (NOI) representing a 7.85% cap rate.

Property Details for 4113 G St

Property type
Other retail properties, Individual retail properties
Square Feet
9,026 SF
Year Built
2015
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.011071160909
Longitude
-75.112357588551
4113 G St, Philadelphia, Pennsylvania

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4113 G St
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