7001 Frankford AvePhiladelphia, PA 19135

This exceptional investment opportunity presents a fee-simple ownership of a 13,825 square foot Walgreens located at 7001 Frankford Ave, Philadelphia, PA 19135. The property sits on a 0.91-acre lot and boasts a strong 8.10% cap rate, generating a net operating income (NOI) of $452,000. The property features a long-term, net lease with a national investment-grade tenant, Walgreens, with a remaining lease term of 5 years and eight 5-year renewal options, extending the lease to a potential total of 45 years. Built in 1999, this single-tenant retail property benefits from a flat rent structure (subject to percentage rents) and 100% occupancy. The asking price is $5,580,250, translating to a price per square foot of $403.63. The property's strategic location in a densely populated Philadelphia neighborhood ensures consistent high traffic and visibility. This is a passive investment with minimal landlord responsibilities, offering a compelling return on investment in a recession-resistant industry. The lease commenced on November 29, 1999, and expires on November 29, 2029. This property is an ideal addition to any portfolio seeking stable, long-term income generation.