100 E Rockland St Philadelphia, PA 19120

Listing agency CBRE - Philadelphia Suburban m***@cbre.com Show Phone

Listed by Matthew Gorman · License #PA RS287470

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:51AM Checked: Jul 21 at 2:51AM

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Investment Insights

Based on property information with market context.

CBRE is pleased to present for sale a Rita’s walk-up restaurant property with over 25 years of operation at the location. The site is currently under an existing lease with 6 years remaining in the initial lease term, plus one five-year renewal option. The lease includes 3.5% annual increases throughout the base term and option period.

The property is located at the intersection of E Rockland St, Rising Sun Ave, and N Front Street, with combined traffic counts over 16,000 vehicles per day. It is also near Roosevelt Blvd/US 1, with traffic counts exceeding 33,000 vehicles per day. Demographic information provided includes 56,705 people within 1 mile, 451,006 people within 3 miles, and 924,937 people within 5 miles.

Nearby national retailers listed include Rite Aid, PNC Bank, 7-Eleven, Metro by T-Mobile, and Dunkin Donuts.

Key Highlights

• Rita’s walk‑up restaurant on E Rockland St in Philadelphia with over 25 years of operating history at the location
• Lease has 6 years remaining in the initial term, plus one 5‑year renewal option
• Lease includes 3.5% annual increases throughout the base term and option period

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FAQs

What type of property is this?

Conventional restaurant - Walk-up Rita’s restaurant with long-term operating history and a lease featuring renewal options and 3.5% annual increases.

Where is this conventional restaurant located?

The property is located at 100 E Rockland St Philadelphia, PA.

What are key features of this property?

This property features: Rita’s walk‑up restaurant on E Rockland St in Philadelphia with over 25 years of operating history at the location; Lease has 6 years remaining in the initial term, plus one 5‑year renewal option; Lease includes 3.5% annual increases throughout the base term and option period