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7001 Frankford Ave
Philadelphia, PA 19135

Walgreens | Philadelphia, PA · Retail Property For Sale

Investment Highlights

  • Passive net lease structure, minimal landlord obligations
  • Essential retailer, recession resistant business model
  • Eight 5-year renewal options, gives an additional 40 potential years on lease
  • Strong, investment grade, national tenant, an industry leader with a fantastic reputation and hundreds of locations nationwide
  • Located on a signalized hard corner with strong visibility
  • Located in the densely populated metropolis of Philadelphia, PA

Executive Summary

Available individually or as a portfolio, ask about our other midwest Walgreens locations.
WALGREENS
Walgreens, one of the nation’s largest drugstore chains, is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the first global pharmacy-led, health and wellbeing enterprise. Walgreens Boots Alliance has over 21,000 stores in 11 countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with over 425 distribution centers delivering to more than 250,000 pharmacies, doctors, health centers and hospitals each year in more than 20 countries.
PHILADELPIHA
Philadelphia is known for the Liberty Bell and the home of Independence Hall, where the United States Constitution and Declaration of Independence were adopted. The metropol-itan area encompasses 11 counties across Pennsylvania, New Jersey, Delaware and Mary-land. The Delaware River bisects the metropolis from northeast to southwest, and it serves as the border between Pennsylvania and New Jersey. The Schuylkill River passes through the heart of Philadelphia, separating West Philadelphia from Center City. The market con-tains approximately 6.3 million residents. Although the metro has more than 360 munici-palities, few have more than 50,000 citizens. Philadelphia is the largest city, with just over 1.6 million residents.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,825 SF
Building Class
C
Year Built
1999
Price
$7,819,381 CAD
Price Per SF
$566 CAD
Cap Rate
8.10%
NOI
$633,370 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Land Acres
0.91 AC
Zoning
CA1
Parking
38 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
147 ft on Frankford Avenue

Amenities

  • Signalized Intersection
  • Tenant Controlled HVAC

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 882396600
  • 885737980
Land Assessment
$1,664,417 CAD
Improvements Assessment
$4,754,195 CAD
Total Assessment
$6,418,612 CAD
  • Listing ID: 32045890

  • Date on Market: 2024-06-06

  • Last Updated:

  • Address: 7001 Frankford Ave, Philadelphia, PA 19135

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