710 Burmont Rd - Drug Store FOR SALE


Drexel Hill, PA 19026
$3,495,000 USD
248-702-0288
710 Burmont Rd, Drexel Hill, PA for Sale
$3,495,000 USD
Drug Store - FOR SALE
1/4
null | 9% Cap Rate

710 Burmont Rd
Drexel Hill, PA 19026


HIGHLIGHTS

  • 8,424 SF Retail Building Located Along the Intersection of Burmont Road and Childs Avenue, with Additional Access from Woodland Avenue
  • Operating Store Post Bankruptcy | Rite Aid Has 1,416 Stores in 16 States After Emerging from Bankruptcy
  • Location Averages 106K+ Visits Per Year (Placer.ai)
  • Five Year Renewal with Rent Increase Executed in 2024 as Part of Surviving Store Deal
  • 6.5 Miles from Delaware County Community College | Affordable Tuition in Business, Healthcare, STEM Fields, Liberal Arts, and The Arts Fields
  • Adjacent to Citgo Gas, Burmont Pizza and Grill, Grind Time Fitness Inc and more

OVERVIEW

8,424 SF Retail Building Located Along the Intersection of Burmont Road and Childs Avenue, with Additional Access from Woodland Avenue Operating Store Post Bankruptcy | Rite Aid Has 1,416 Stores in 16 States After Emerging from Bankruptcy Location Averages 106K+ Visits Per Year (Placer.ai) Five Year Renewal with Rent Increase Executed in 2024 as Part of Surviving Store Deal 6.5 Miles from Delaware County Community College | Affordable Tuition in Business, Healthcare, STEM Fields, Liberal Arts, and The Arts Fields Burmont Road Averages 13,700+ Vehicles Per Day | Lack of Pharmacy Competition in Area Adjacent to Citco Gas, Burmont Pizza and Grill, Grind Time Fitness Inc and more 8.5 Miles From Downtown Philadelphia | Largest City in the State with 1.6 Million People 2 Miles from National Retailers such as Lowe's, Starbucks, Giant, Supercuts, Panera, Kohl's and More 8.5 Miles from Philadelphia International Airport

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rite Aid - Open & Operating

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,800 SF

ZONING

C2, Upper Darby

APN/PARCEL ID

16-11-00705-00

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.