NN Popeyes & Dollar General | 2018 & 2021 Construction | 12+ Years WALT | $219K NOI

Description:

Ri Marketplace Online Auction October 27th-29th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2792/nn-popeyes-dollar-general-2018-2021-construction-12-years-walt-219k-noi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2792

Marcus & Millichap is pleased to present a Popeyes & Dollar General located on one parcel, at 1861 & 1871 Delmar Drive (the “Property”) in Folcroft, Pennsylvania (Philadelphia MSA). The Property is improved with two buildings totaling ±9,645 square feet. The Popeyes building was built in 2021 and is 2,145 square feet. The Dollar General building was built in 2018 and is 7,500 square feet. The Property benefits from long term income security and rental increases in base term to help hedge against inflation: Dollar General is leased through October 2033 (8.2 years of term left) with a 9.6% rental increase in four years and Popeyes is leased through January 2042 (16.4 years of term left) with a 10% rental increase in two years. Surrounded by national retailers including Wawa, Dunkin’, Family Dollar, Save a Lot, USPS, McDonald’s, and CVS, the property sits in a proven retail corridor with strong customer traffic and established co-tenancy synergies.

Folcroft is a compact borough in southeastern Delaware County approximately 9 miles south of Center City Philadelphia. Its strategic location within the dense Philadelphia metropolitan area provides access to a population of 137,000+ residents within three miles and average household income of $80,552. Proximity to Philadelphia International Airport (2-mi), Interstate 95 (2-mi), and Interstate 476 (4.5-mi) enhance regional connectivity and drives consistent consumer demand. The property benefits from excellent visibility and high traffic counts of ±9,807 vehicles per day. This auction presents a rare opportunity to acquire a stabilized, income-producing asset in a high-density, supply-constrained submarket.


Lamar P. Fisher
Fisher Auction Company Inc.
License: AU005925
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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