Property Details for 4109 Frankford Ave

Lot size

2.63 lot acres

Property size

88,642 SF

Property type

Retail properties & Spaces

Description

This exceptional investment opportunity presents a 88,642 square foot multi-tenant retail property in Philadelphia, PA, currently leased to the Pennsylvania Department of Public Welfare, an A+ rated tenant. The property boasts a strong net lease structure (NN) with approximately 8 years remaining on the lease term, generating a substantial NOI of $796,592 and an 8.50% cap rate. The asking price is $9,371,670, translating to $105.72 per square foot. The Department of Public Welfare, a fixture in the community for nearly 30 years, occupies the space and benefits from a built-in 4.18% rent increase scheduled for July 2026. A significant value-add opportunity exists with a 36,000 square foot vacant building on the 2.63-acre lot, offering potential for increased NOI through additional leasing. The property enjoys excellent visibility on Frankford Avenue (7,144 VPD), proximity to major roadways including I-95 (193,491 VPD) and Torresdale Avenue (12,111 VPD), and convenient access to public transportation via the SEPTA Market-Frankford Line. Ample off-street parking caters to both tenant and customer needs. The location within a dense, growing neighborhood in Northeast Philadelphia, surrounded by numerous national retailers (including Walmart, Lidl, Aldi, and more), ensures strong tenant demand and future growth potential. This is a rare opportunity to acquire a stable, high-performing investment with significant upside potential in a prime Philadelphia location.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.0908

Latitude

40.0075