Turnkey Smoke Shop with Long-Term
New
For Sale
$599,900
7264 RISING SUN AVENUE, Philadelphia, PA 19111
Business-only turnkey smoke shop offered with a ten-year lease and long-term operational continuity in a Northeast Philadelphia location.
Property Size1,880 SF
Price / SF$319.10
Days on Market5
Property Features for 7264 RISING SUN AVENUE
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Business
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Listing Agency:
RE/MAX Access
(267) 546-7777
Listed By:
Aws Abdelaziz · License #RS346341
(267) 546-7777
Source:
Cummingsrealtors
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 5:49AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
Turnkey smoke shop business opportunity offered on a business-only basis, with the real estate not included. The sale includes a ten-year lease designed to provide long-term stability for ongoing operations, supporting a straightforward transition for a new owner.
The shop is located at 7264 Rising Sun Avenue in Northeast Philadelphia. The property was built in 1950 and the retail space measures 1,880 SF, offering a compact, dedicated footprint for a neighborhood-oriented convenience retail concept.
Additional details on current performance and specific terms are available to qualified buyers after execution of a Non-Disclosure Agreement (NDA). The seller also owns two additional profitable smoke shop locations that are available for purchase as a package or individually.
The shop is located at 7264 Rising Sun Avenue in Northeast Philadelphia. The property was built in 1950 and the retail space measures 1,880 SF, offering a compact, dedicated footprint for a neighborhood-oriented convenience retail concept.
Additional details on current performance and specific terms are available to qualified buyers after execution of a Non-Disclosure Agreement (NDA). The seller also owns two additional profitable smoke shop locations that are available for purchase as a package or individually.
Key Highlights
- Business‑only sale; real estate is not included
- Ten‑year lease included for long‑term stability
- Retail space measures 1,880 SF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $18.00 |
| − Vacancy | −$2.4k | −$1.26 |
| EGI | $31.5k | $16.74 |
| − OpEx | −$9.4k | −$5.02 |
| NOI | $22.0k | $11.72 |
1,880 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$314.7K
$275.4K – $367.2K
NOI $22,030 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$570.0K
$498.8K – $665.0K
NOI $39,900 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
106k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 26%
Home Improvements & Furnishings 2%
Wawa
Shops & Services
47,461 visits/mo
0.5 miles
Wendy's
Dining
14,779 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,860 visits/mo
0.1 miles
AutoZone
Shops & Services
8,387 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,254 visits/mo
0.1 miles
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Unique Gifts & Flowers — 6612 Rising Sun Ave Unit A, Philadelphia, PA 19111
Frequently Asked Questions
What type of property is this?
Storefront property - Business-only turnkey smoke shop offered with a ten-year lease and long-term operational continuity in a Northeast Philadelphia location.
Where is this storefront property located?
The property is located at 7264 RISING SUN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Business‑only sale; real estate is not included; Ten‑year lease included for long‑term stability; Retail space measures 1,880 SF
