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8100 Germantown Ave 2,509 SF Retail Condo Unit Offered at $1,938,342 CAD in Philadelphia, PA 19118
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.50% |
| Sale Type | Investment |
| Cap Rate | 6.50% |
Description
Built-to-suit retail condominium completed in 2023 and constructed to an exceptionally high standard. Located in a highly affluent, land-constrained area, this property represents a rare opportunity, with no comparable offerings currently available in the market.
The asset is 100% leased to a strong 15-unit retail operator under a long-term net net lease. The landlord is only responsible for real estate taxes, which are fully abated for the next 8 years. The lease includes a 10-year base term with three five-year extension options and 2.5% annual rental increases, ensuring steady income growth.
Ownership benefits from extremely low condominium fees of less than $250 per month, maximizing net operating income. The property offers excellent visibility with dual street frontage, modern finishes, and a full suite of building amenities including 24-hour access, security, sprinklers, air conditioning, and separate utilities.
The asset is 100% leased to a strong 15-unit retail operator under a long-term net net lease. The landlord is only responsible for real estate taxes, which are fully abated for the next 8 years. The lease includes a 10-year base term with three five-year extension options and 2.5% annual rental increases, ensuring steady income growth.
Ownership benefits from extremely low condominium fees of less than $250 per month, maximizing net operating income. The property offers excellent visibility with dual street frontage, modern finishes, and a full suite of building amenities including 24-hour access, security, sprinklers, air conditioning, and separate utilities.
Sale Notes
This is a stabilized, cash-flowing investment offering a 6.5% going-in cap rate, growing to 7.2% by year 5 and 7.8% by year 8. The strength of the tenant, long-term lease structure, tax abatement, and scarcity of similar assets in this submarket make this an exceptional opportunity for investors seeking reliable returns in a premier location.
Owner is a PA licensed real estate broker.
8100 Germantown Avenue, Suite 1
Philadelphia PA 19118
Listed exclusively by:
Mark Greenberg
Delancey Real Estate Advisors
mark.greenberg@delanceyrea.com
Owner is a PA licensed real estate broker.
8100 Germantown Avenue, Suite 1
Philadelphia PA 19118
Listed exclusively by:
Mark Greenberg
Delancey Real Estate Advisors
mark.greenberg@delanceyrea.com
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 2,509 SF | Retail | $1,938,342 CAD ($772.56 CAD/SF) | $125,992.23 CAD |
Unit 1
| Unit Size |
| 2,509 SF |
| Condo Use |
| Retail |
| Price |
| $1,938,342 CAD ($772.56 CAD/SF) |
| NOI |
| $125,992.23 CAD |
1 of 1
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Unit 1
| Unit Size | 2,509 SF |
| Condo Use | Retail |
| Price | $1,938,342 CAD ($772.56 CAD/SF) |
| NOI | $125,992.23 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Description | |
| Built-to-suit retail condominium completed in 2023 and constructed to an exceptionally high standard. Located in a highly affluent, land-constrained area, this property represents a rare opportunity, with no comparable offerings currently available in the market.<br> <br> The asset is 100% leased to a strong 15-unit retail operator under a long-term net net lease. The landlord is only responsible for real estate taxes, which are fully abated for the next 8 years. The lease includes a 10-year base term with three five-year extension options and 2.5% annual rental increases, ensuring steady income growth.<br> <br> Ownership benefits from extremely low condominium fees of less than $250 per month, maximizing net operating income. The property offers excellent visibility with dual street frontage, modern finishes, and a full suite of building amenities including 24-hour access, security, sprinklers, air conditioning, and separate utilities.</li></ul> | |
| Sale Notes | |
| This is a stabilized, cash-flowing investment offering a 6.5% going-in cap rate, growing to 7.2% by year 5 and 7.8% by year 8. The strength of the tenant, long-term lease structure, tax abatement, and scarcity of similar assets in this submarket make this an exceptional opportunity for investors seeking reliable returns in a premier location.<br> Owner is a PA licensed real estate broker.<br> <br> 8100 Germantown Avenue, Suite 1<br> Philadelphia PA 19118<br> <br> Listed exclusively by:<br> Mark Greenberg<br> Delancey Real Estate Advisors<br> mark.greenberg@delanceyrea.com</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,620 SF | Typical Floor Size | 2,540 SF |
| Property Type | Retail (Condo) | Year Built | 2023 |
| Property Subtype | Lot Size | 0.07 AC | |
| Floors | 3 | ||
| Zoning | CMX1 - Commercial Mixed Use | ||
| Total Building Size | 7,620 SF |
| Property Type | Retail (Condo) |
| Property Subtype | |
| Floors | 3 |
| Typical Floor Size | 2,540 SF |
| Year Built | 2023 |
| Lot Size | 0.07 AC |
| Zoning | CMX1 - Commercial Mixed Use |
Amenities
- Air Conditioning
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 12
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Delancey
8100 Germantown Ave
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