4610 City AvePhiladelphia, PA 19004

For Sale
$7,024,000
Added:
Dec 11, 2024
Days on market:
94

Highlights

  • Absolute NNN ground lease with 3+ years remaining on the base term and four, five-year option periods; 12% rental increases in each option period.
  • No landlord responsibilities; ideal for passive investors.
  • Investment-grade tenant: Bank of America (A+ S&P rating), operating since 2008 with $276M in deposits.
  • High-performing location: 0.55-acre site with a two-lane drive-thru, dedicated parking, and 157,100 annual visitors (Placer.ai).
  • Excellent location: Hard corner at a signalized intersection on City Avenue (Route 1), near I-76, and surrounded by national retailers. High residual value with redevelopment potential.
  • Dense, growing submarket: 0.8 miles from Saint Joseph's University (8,400+ students), 238,362 residents within a 3-mile radius ($100,000+ average household income), and across from a mixed-use development.

Property Details for 4610 City Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,400 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
23,958 SF
Units
1

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0024462
Longitude
-75.2232531
4610 City Ave, Philadelphia, Pennsylvania

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4610 City Ave
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