3-Property Renovated Retail
For Sale
Contact for pricing
1315 East Washington Lane, Philadelphia, PA 19138
Philadelphia retail portfolio with newly renovated buildings and Double Net lease structures.
Property Size33,686 SF
Price / SF$183.17
Days on Market69
Property Features for 1315 East Washington Lane
General Information
Standard status
Active
Size
33,686 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$400,664
Additional Details
Gross Income
$400,664
Building Details
Year Renovated
2025
Buildings
3
Units
3
Tenancy
Multi
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Chris Sands · License #CA 01387583
Source:
Crexi
Added: Aug 13
Changed: Oct 19
Last Checked: Oct 19 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group Los Angeles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes three retail properties in Philadelphia, totaling 33,686 SF. The buildings were renovated in 2025 and are occupied by DG Market, Dollar Tree, and Dollar General. Each location operates under a Double Net lease structure, with an average of over 9 years of remaining lease term across the portfolio.
The assets are positioned in infill locations within densely populated urban markets. The portfolio is represented by 1315 East Washington Lane, Philadelphia, PA 19138, along with two additional Philadelphia properties. The combined tenant roster consists of national discount retail brands serving metropolitan trade areas.
The assets are positioned in infill locations within densely populated urban markets. The portfolio is represented by 1315 East Washington Lane, Philadelphia, PA 19138, along with two additional Philadelphia properties. The combined tenant roster consists of national discount retail brands serving metropolitan trade areas.
Key Highlights
- Three‑property Philadelphia retail portfolio totaling 33,686 SF
- Buildings renovated in 2025
- Occupied by DG Market, Dollar Tree, and Dollar General
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$380,726
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,614,520
$7.6M
Cap Rate 7%
$5,438,943
$5.4M
Cap Rate 9%
$4,230,289
$4.2M
Market Conditions
NOI Build-Up for 33,686 SF
Gross rent
$606.3K $18.00/SF
− Vacancy
−$62.5K −$1.85/SF
EGI
$543.9K $16.15/SF
− OpEx
−$163.2K −$4.84/SF
NOI
$380.7K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,614,520
Cap Rate 7%
$5,438,943
Cap Rate 9%
$4,230,289
Alternative Uses
Best Use
Retail
$5.44M
$4.76M – $6.35M
NOI $380,726 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.21M
$7.19M – $9.58M
NOI $574,848 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 28%
Electronics 2%
McDonald's
Dining
21,553 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,164 visits/mo
0.0 miles
KFC
Dining
7,686 visits/mo
0.1 miles
AutoZone
Shops & Services
6,627 visits/mo
0.1 miles
Citizens Bank
Shops & Services
6,394 visits/mo
0.1 miles
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Philadelphia retail portfolio with newly renovated buildings and Double Net lease structures.
Where is this retail space located?
The property is located at 1315 East Washington Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $6,170,422.
What are key features of this property?
This property features: Three‑property Philadelphia retail portfolio totaling 33,686 SF; Buildings renovated in 2025; Occupied by DG Market, Dollar Tree, and Dollar General
