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Investment Highlights

  • Credit Tenant Guarantee
  • 1.7 Acres
  • High Traffic Area
  • Federal QOZ Eligible

Executive Summary

Cap Rate is based on 2027 Pro Forma. Currently there is vacancy of 10,000 SF (LOI @ $12/FT NNN). Once stabilized, a buyer will enjoy a 9.23% cap rate at the current asking price.
Located in a densely populated section of Philadelphia, The Dollar General (NYSE: DG) Supermarket is the only grocery store within a .8 mile radius, ensuring tenant stability for the shopping center for years to come.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2027) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2027) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
34,205 SF
Building Class
C
Year Built
1970
Price
$5,464,785 CAD
Price Per SF
$159.77 CAD
Cap Rate
9.23%
NOI
$504,228 CAD
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.46
Lot Size
1.72 AC
Opportunity Zone
Yes
Zoning
CA-2 - Auto-Oriented Commercial-2
Parking
70 Spaces (2.05 Spaces per 1,000 SF Leased)
Frontage
182’ on 48th St

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Educational Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Brightside Academy began in the early 1990s and has built more than three decades of experience in child care and early education. The company focuses on programs for infants, toddlers, preschool children, and school-age children, including preschool, before- and after-school care, and summer camp offerings. Brightside Academy serves families across Pennsylvania through a network centered on early learning, school readiness, and child development.

  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Educational Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,000 SF
  • Office/Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 10,000 SF Office/Retail - Now

1st Floor

Size
10,000 SF
Space Use
Office/Retail
Position
-
Available
Now
Exceptionally walkable
90/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100

Nearby Major Retailers

Checkers
Wells Fargo Home Mortgage
Toyota
Chase
Citizens
Wells Fargo
Planet Fitness
ShopRite
Fulton Bank
Grocery Outlet

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 882112300
  • 882112400
Land Assessment
$794,325 CAD
Improvements Assessment
$3,177,852 CAD
Total Assessment
$3,972,177 CAD
  • Listing ID: 30053462

  • Date on Market: 2023-11-14

  • Last Updated:

  • Address: 809-843 N 48th St, Philadelphia, PA 19139

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