TD Bank | Philadelphia, PA 6304 Roosevelt Blvd 2,939 SF Retail Building Philadelphia, PA 19149 £4,297,666 (£1,462.29/SF) 5% Net Initial Yield
INVESTMENT HIGHLIGHTS
- TD Bank has operated at this location for over a decade, with 9+ years remaining on the current lease.
- Situated in a densely populated area with 75,107 residents within a 1-mile radius. The next closest TD Bank branches are over a mile away.
- Prime corner parcel located on Roosevelt Boulevard (70,000+ VPD), a major thoroughfare connecting NE Philadelphia to key highways and Center City.
- Investment-Grade tenant with corporate guarantee.
- Mission-Critical Location with Strong Foot Traffic.
- This location ranks in the 60th percentile nationally for performance and attracts 110,900+ visits annually per Placer.ai.
EXECUTIVE SUMMARY
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this TD Bank location at 6304 Roosevelt Blvd, Philadelphia, Pennsylvania, 19149. The tenant operates under a long-term NNN lease with 9+ years remaining, including 10% rental increases every five years and two, five-year renewal options with fair market value rent adjustments. TD Bank (NYSE: TD), one of the top 10 banks in North America, provides a corporate guarantee on the lease, offering a secure and reliable income stream for investors.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,939 SF
Year Built
2014
Price
£4,297,666
Price Per SF
£1,462.29
Net Initial Yield
5%
NOI
£214,883
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.75 AC
Frontage
283 ft on Roosevelt Blvd
AMENITIES
- Drive Thru
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882137122 | Improvements Assessment | £366,341 |
| Land Assessment | £854,795 | Total Assessment | £1,221,136 |
