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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