4236 Edgmont Ave - Restaurant FOR SALE
Brookhaven, PA 19015 |
$2,300,000 USD
215-603-6914
4236 Edgmont Ave
Brookhaven, PA 19015
HIGHLIGHTS
- Long term absolute NNN Ground lease that features zero landlord responsibilities or expenses
- Subject property (0.68 acres) was built brand new in 2022 and features Popeye’s latest and most modern prototype with drive-thru and dedicated off-str
- Franchisee corporate guaranty by AP Northeast Management, LLC, a multi-unit fast-food operator with locations across multiple states
- 10% rental increases every five years in the base term and larger 12% rental increases in both option periods
- Located along Edgmont Avenue (Route 352), the main retail corridor in this submarket, with great visibility and multiple points of access
- Located just 13 miles from Center City Philadelphia, in an affluent (AHHI $119K+) and densely populated (215K+) submarket with regional accessibility
OVERVIEW
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this brand-new, build-to-suit Popeyes with an absolute-net ground lease. This secure long-term investment opportunity is with a proven, international tenant in expansion mode. Constructed in 2022 on a 0.68-acre parcel, the property features Popeyes' latest and most modern prototype, complete with a drive-thru and dedicated off-street parking.
FOR SALE DETAILS
PRICE
$2,300,000 USD
PRICE/SF
$627 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Popeyes | Brookhaven PA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
COM
APN/PARCEL ID
05-00-00422-00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
215-603-6914
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
215-603-6914
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
