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Dual-Tenant | ±5,000 SF

Dual-Tenant | ±5,000 SF

8900 Krewstown Rd, Philadelphia, PA 19115

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PROPERTY DETAILS

Listing Price

$2,850,000

Cap Rate

6.40%

NOI

$182,189

Building Size

5,000 SF

Tenancy

Liberty Cannabis, Krewstown Beer & Beverage

Total Lot Size

0.49 AC

Area Tenants

Aldi, Wawa, Citizens, PNC Bank, Dollar General, and more!

Property Details

Equity Retail Brokers is pleased to exclusively offer for sale a dual-tenant (Liberty Cannabis & Krewstown Beer & Beverage) net lease Shopping Center in Philadelphia, PA (Philadelphia MSA). Krewstown Beer & Beverage has been open and operating at this location since 1988.
Liberty Cannabis just recently signed a 10 year lease with an option to extend. There are minimal landlord responsibilities during the duration of the lease. The property is positioned directly along Krewstown Road, which has 8,038 VPD passing the site. Surrounding retailers include Aldi, PNC Bank, Firstrust Bank, Wawa, Dollar General, Citizens Bank, and many more.

Property Highlights

  • Liberty Cannabis just recently signed a 15-year lease w/ 3% annual rental increases
  • Krewstown Beer & Beverage has operated at this location for over 35 years
  • Minimal Landlord Responsibilities
  • Strong Demographics – Over 20,000 people and HHI of $100,000+ within 1 mile
  • Strong local tenants – Aldi, PNC Bank, Wawa, Citizens & many more

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