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2700 W Girard Ave

$1,973,900

2700 W Girard Ave, Philadelphia, PA 19130

Active
Last Updated: 07/01/2025

7.5

Cap Rate

8,000 sqft

Building Size

Details:
Cap Rate:    7.5%
Building Size:    8,000 sqft
Year Built:    1925
Price Per Sqft:    $246.74
Zoning:    CMX25
Highlights:
  • Days on Market: 99
  • Heating: Forced Air
Description:

8% cap rate, 8,000 SF. CMX25 building, 100% Leased Retail Building located in Brewerytown. Brewerytown is a rapidly developing neighborhood of North Philadelphia. The Property recently underwent an exterior and interior renovation in 2018-2019, limited exposure to future deferred maintenance. Fulton Bank has more than 5 years remaining on a NNN* lease and ownership recently executed a new, 7-year lease with one five-year renewal - with significant rent increases during the initial term and annual increases in the option period - with a dance studio tenant for the second floor space. INVESTMENT GRADE CREDIT TENANT
Headquartered in Lancaster, PA, Fulton Bank is a publicly traded (NASDAQ: FULT), investment grade credit rated tenant with a Baa2 rating from Moody’s and over $26B in total assets. More than 50% of Fulton's location footprint is in the Greater Philadelphia area and they have targeted Philadelphia as a significant growth market. RETAIL CORRIDOR - Girard Avenue is quickly becoming a main retail corridor with numerous restaurants and shops between 26th and 30th streets in addition to surrounding national retailers like ALDI, Fine Wine & Good Spirits, Dollar Tree and Boost Mobile. More information and brochure available upon request. Fulton Bank Pro-Rata Share of Taxes, Insurance and CAM = 60%

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