Turnkey Smoke Shop with Long-Term
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 Market30
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 15
Changed: Aug 12
Last Checked: Aug 13 at 5:28AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,030
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,600
$440.6K
Cap Rate 7%
$314,714
$314.7K
Cap Rate 9%
$244,778
$244.8K
Market Conditions
NOI Build-Up for 1,880 SF
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.
Gross rent
$33.8K $18.00/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$31.5K $16.74/SF
− OpEx
−$9.4K −$5.02/SF
NOI
$22.0K $11.72/SF
Area
ZIP 19111
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,600
Cap Rate 7%
$314,714
Cap Rate 9%
$244,778
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
Property Profile
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
