5719-29 Oxford AvePhiladelphia, PA 19149

For Sale
$1,727,226

High-performing Family Dollar in Philadelphia.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 9,500-square-foot Family Dollar storefront located at 5719-29 Oxford Ave, Philadelphia, PA 19149. The property sits on a 0.66-acre lot and boasts a CMX-2 zoning designation. Built in 1950, this single-tenant retail asset offers a substantial remaining lease term of approximately 9.1 years, expiring December 31, 2033, with a lease commencement date of January 1, 2012. The current asking price is $1,727,226, representing a price per square foot of $181.81 and a 6.35% cap rate, generating a net operating income (NOI) of $109,678. The lease is a Net Net (NN) lease and is backed by Family Dollar's corporate entity. This location benefits from its strategic position on Oxford Avenue near Roosevelt Boulevard, a major Philadelphia thoroughfare, ensuring high visibility and accessibility within the Oxford Circle neighborhood, approximately 6 miles northeast of Center City. The property's performance significantly outperforms other Family Dollar locations nationwide, ranking in the 93rd percentile nationally and the 90th percentile in Pennsylvania based on customer traffic data from Placer.ai. The strong demographics, with 53,848 people within a 1-mile radius, further enhance the investment potential. This is a rare opportunity to acquire a stable, high-performing retail asset with a long-term tenant commitment.

Highlights

  • Family Dollar has a 10-year lease renewal at this location, operating there since 2012.
  • Investment-grade corporate lease guaranty from Family Dollar (Baa2/BBB rating).
  • High-visibility location on Oxford Avenue near Roosevelt Boulevard in Philadelphia's Oxford Circle neighborhood, 6 miles from Center City.
  • Top-performing Family Dollar location: 93rd percentile nationally and 90th percentile in Pennsylvania for customer traffic (Placer.ai).
  • Strong demographics: 53,848 people within a 1-mile radius.

Property Details for 5719-29 Oxford Ave

Property type
Other retail properties, Individual retail properties
Square Feet
9,500 SF
Year Built
1950
Lot Size (sq. ft)
28,750 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.032938890958
Longitude
-75.08490387595
5719-29 Oxford Ave, Philadelphia, Pennsylvania

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5719-29 Oxford Ave
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