Listing Agency: MSC Retail - Philadelphia j***@hellomsc.com Show Phone

Listed By: Annellyse Chan · License #RS306451

Source: Moodyscre

Added: Apr 10, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:11AM

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Investment Insights

Based on property information with market context.

This 915 square foot turnkey fast casual restaurant space is available for lease. It is located on the ground floor of Chestnut Square, a student housing development with over 800 beds. The space features a large back of house area that includes a food preparation area and a private office. Situated in the heart of the Drexel University campus and one block from the University of Pennsylvania, the endcap positioning provides significant visibility and access. The space is available immediately.

Key Highlights

• Located in the heart of Drexel University campus and one block away from the University of Pennsylvania
• Endcap positioning allows for tremendous visibility and access
• Ground floor of Chestnut Square, a student housing development with more than 800 beds

Property Analytics

Property Profile

Current Use

The Board & Brew Restaurant Chestnut Square Leasing ... Apartment Complex Chestnut Square Apartment Complex Boba King Cafe & Coffee Shop Plaza Artist Materials ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

10,929

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 69% Hotels & Casinos 17% Dining 14%

7-Eleven Shops & Services

21,916 visits/mo 0.4 miles

Sheraton Philadelphia University City Hotel Hotels & Casinos

6,775 visits/mo 0.3 miles

Saxbys Coffee Dining

5,415 visits/mo 0.3 miles

Truist Shops & Services

2,987 visits/mo 0.5 miles

TD Bank Shops & Services

1,976 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this turn key restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Turn key restaurant - 915 SF turnkey restaurant space in Drexel University area.

Where is this turn key restaurant located?

The property is located at 3200 Chestnut St Philadelphia, PA.

What are key features of this property?

This property features: Located in the heart of Drexel University campus and one block away from the University of Pennsylvania; Endcap positioning allows for tremendous visibility and access; Ground floor of Chestnut Square, a student housing development with more than 800 beds