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Edison Square

701 W. Lehigh Ave Philadelphia, PA

Multi Tenant Retail

Listing Price:

$9,574,112

» Opportunity to acquire a 31,573 square foot, 100% occupied retail center anchored by a Top Performing Save-A-Lot Grocer, ranked (74th) out of (810) locations

» The Site sits on a subdivided, condominium parcel consisting of (2.25) acres in Philadelphia, PA, the most populous City in the State having over 1.5 Million Residents

» The subject property is strategically located along West Lehigh Avenue which sees upwards of 15,000 Vehicles per Day; in addition, the center sits next to Broad Street (30-40K VPD), the City’s primary arterial for Retail & Office users

» The Tenant Roster has a Rental Range of $19-$27/SF, which falls well in-line with comparable Shopping Centers in the submarket

» Future Ownership will benefit from (10%) Rental Increases in Snipes & Family Dollar’s Option Terms & the Pharmacy’s (1.5%) Annual Rent Escalations

Investment Highlights:

 

Exclusivley Listed By:

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MANAGING PARTNER
DERRICK DOUGHERTY

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MANAGING PARTNER
DERRICK DOUGHERTY

The Dougherty Team White Logo
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2005 Market Street, Suite 1510

Philadelphia, PA 19130

(215) 531-7000

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