Walgreens

Highlights:

• Proven location with over 20 years of successful operating history
• High-traffic site | Ranked Top 10 in Pennsylvania by Placer AI
• Flexible future development potential: CA-1 zoning permits gas stations, car washes, and multi-level commercial buildings up to 84 feet
• Strong sales performance and history of lease extensions – inquire for details
• Dense urban infill in Northern Philadelphia | Over 553K residents within a 5-mile radius
• Corporately guaranteed lease
• Minimal landlord responsibilities – roof and structure only
• Prime corner location at the signalized intersection of Frankford & Tyson Avenues | Combined daily traffic counts +39,000
• Conveniently located just 30 minutes from Downtown Philadelphia

Description:

Proven location with over 20 years of successful operating history
High-traffic site | Ranked Top 10 in Pennsylvania by Placer AI
Flexible future development potential: CA-1 zoning permits gas stations, car washes, and multi-level commercial buildings up to 84 feet
Strong sales performance and history of lease extensions – inquire for details
Dense urban infill in Northern Philadelphia | Over 553K residents within a 5-mile radius
Corporately guaranteed lease
Minimal landlord responsibilities – roof and structure only
Walgreens demonstrated commitment by exercising an early lease extension in 2015
Conveniently located just 30 minutes from Downtown Philadelphia


Philadelphia is the most populous city in the Commonwealth of Pennsylvania and the sixth-most populous city in the United States. Located in the southeastern part of the state along the Delaware and Schuylkill Rivers, it had a population of 1,603,797 as of the 2020 census. The Philadelphia metropolitan area, also known as the Delaware Valley, has over 6 million residents, making it the eighth-largest metropolitan area in the nation. As the seat of Philadelphia County and one of the oldest cities in the country, Philadelphia is a major historical, cultural, and economic hub with deep roots in American history, politics, and industry.
Philadelphia has a diverse and dynamic economy supported by strong sectors in education, health care, financial services, technology, and biotechnology. The city is home to five Fortune 500 companies, including Comcast, Aramark, FMC Corporation, Toll Brothers, and Lincoln National. It is also a center for legal and professional services, with major firms such as Ballard Spahr, Dechert LLP, and Pepper Hamilton headquartered in the city.
Center City, Philadelphia's central business district, is the second-largest downtown in the United States by residential population and continues to grow as a commercial and residential core. It hosts major regional offices for Comcast (including its 60-story Technology Center), Deloitte, Ernst & Young, PricewaterhouseCoopers, Wells Fargo, Independence Blue Cross, and FMC Corporation, among others. The nearby University City district, anchored by the University of Pennsylvania and Drexel University, is a major innovation hub with a strong focus on medical research and technology.
University City is also home to Penn Medicine, the Children’s Hospital of Philadelphia, and Wexford Science + Technology's life sciences developments, creating a high concentration of jobs in the education and healthcare sectors. The Navy Yard, a rapidly transforming former military base in South Philadelphia, has become a growing campus for advanced manufacturing, energy innovation, and corporate headquarters, including companies like GSK, URBN (Urban Outfitters), and FS Investments.
Philadelphia’s strategic location between New York City and Washington, D.C., access to major transportation infrastructure, and growing sectors in life sciences, fintech, higher education, and logistics continue to attract investment, talent, and development across the city and region.