Walgreens

2727 W Cheltenham Ave, Wyncote, PA
Deal Type:
Net Lease
Price:
$6,695,635
Cap Rate:
5.75%
Current Rent:
$384,999
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 6.5 years
Renewal Options:
Ten, 5 Year
Building Sq. Ft.:
14,335 SF
Site Size:
1.35 Acres
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment: Walgreens has been at this location since 2003 and has continued to report strong unit level sales
  • Location: The property has excellent visibility and access from three major roads with traffic counts exceeding 70,000 cars per day. (Cheltenham Ave, Limekin Pike and US 309)
  • Demographics: The property is located in an affluent market of suburban Philadelphia with over 230,000 people within 3 miles and average HH income greater than $90,000
  • Retail Trade Area: The property is located at the epicenter of the retail trade area which includes the following tenants: Home Depot, Target, Shop Rite, Burlington, Marshalls, Chick Fil A, Chipotle, McDonalds, etc.
  • Landlord Responsibilities: The investment provides the investor with the opportunity to have zero landlord responsibilities.

Listing Agents

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Broker of Record: Mike Antonoplos, Lic. #PA-RB 063105

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