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