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Forman Mills (NNN Lease) 5694A Rising Sun Ave

66,000 SF 100% Leased Retail Building Philadelphia, PA 19120 £8,806,055 (£133/SF) 7.13% Net Initial Yield

Investment Highlights

  • Rare Single Tenant Net Leased Property Located in Philadelphia, Pennsylvania
  • Forman Mills Operates 46 Stores Across 9 States and Washington DC
  • Corporate Guarantee by Forman Mills (Owned by Shoppers World)
  • Triple Net Lease with Rental Increases in 2026 and 2028

Attachments

Forman Mills - 5694 Rising Sun Offering Memorandum (2)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
66,000 SF
Building Class
B
Year Built
1950
Price
£8,806,055
Price Per SF
£133
Net Initial Yield
7.13%
NOI
£627,993
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Land Acres
21.28 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
G2 - G2 zones generally permit a mix of retail, office, and service-oriented businesses.

Amenities

  • Pylon Sign
  • Signage
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Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness
Bank of America
Bambu
Nathan's Famous-delivery Only
IHOP
ALDI
Santander
YouFit Gyms
Rent-A-Center
ShopRite

PROPERTY TAXES

Parcel Number 882086000 Improvements Assessment £7,983,499
Land Assessment £18,628,165 Total Assessment £26,611,665

PROPERTY TAXES

Parcel Number
882086000
Land Assessment
£18,628,165
Improvements Assessment
£7,983,499
Total Assessment
£26,611,665
(201) 742-6118

  • Listing ID: 32493292

  • Date on Market: 17/07/2024

  • Last Updated:

  • Address: 5694A Rising Sun Ave, Philadelphia, PA 19120

The Retail Property at 5694A Rising Sun Ave, Philadelphia, PA 19120 is currently available For Sale. Contact Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 1 of 7
Forman Mills Cover
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 2 of 7
5696 Rising Sun Ave Philadelphia, PA DB (2 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 3 of 7
5696 Rising Sun Ave Philadelphia, PA DB (3 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 4 of 7
5696 Rising Sun Ave Philadelphia, PA DB (14 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 5 of 7
5696 Rising Sun Ave Philadelphia, PA DB (15 of 19)
5694A Rising Sun Ave, Philadelphia, PA for sale Building Photo- Image 6 of 7
5696 Rising Sun Ave Philadelphia, PA DB (19 of 19)

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© 2024 CoStar Group

Forman Mills (NNN Lease) | 5694A Rising Sun Ave
(201) 742-6118 x

Forman Mills (NNN Lease) | 5694A Rising Sun Ave

1/2

Alan Cafiero

(201) 742-6118

(201) 742-6118

David Cafiero

(201) 742-6115

(201) 742-6115

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