326 N Chester Pike Local commercial 1 161 m² 100 % Loué À vendre Glenolden, PA 19036 2 958 385 € (2 547,50 €/m²) Taux de capitalisation 6,60 %

Well-built and beautifully maintained retail strip center located in Glenolden PA, Delaware County, which is a 10-minute drive to the Philadelphia International Airport. This property sits on Chester Pike, which is the main road in Glenolden. Chester Pike is a high traffic, major retail artery. The traffic count on Chester Pike at the subject property is approximately 20,000 / day according to PennDOT, making this a prime location to own a retail asset. The subject property is fully leased, 100% occupied, with three tenants, Aaron’s Rent to Own, Hong Kong Chinese Restaurant & Nhadya Beauty Palace. Aaron’s rent is $17,500 / month, Hong Kong’s rent is $3,250 / month and Nhadya’s rent is $3,000 / month. The owners also rent a portion of their parking lot to the neighboring gas station for $750 / month. This property was built in 1975 and the Gross Leasable Area at this property is approximately 12,500 square feet. In terms of recent capital expenditures, the current ownership recently replaced the parking lot asphalt for approximately $85,000. The gross annual rental income for this property is $294,000 and the owner reported total operating expenses are $73,012. The asking price is $3,350,000 and the in place net operating income is $220,988, which equates to a 6.6% capitalization rate. The buyer for this outstanding asset earns the right to cash flow, equity growth and tax benefits.