5719-29 Oxford Ave, Philadelphia, PA 19149
- Retail properties & Spaces
- 9,500 SF
- 0.66 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 5719-29 Oxford Ave
- Year built
- 1950
- Lot size
- 0.66 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 9,500-square-foot Family Dollar storefront located at 5719-29 Oxford Ave, Philadelphia, PA 19149. The property sits on a 0.66-acre lot and boasts a CMX-2 zoning designation. Built in 1950, this single-tenant retail asset offers a substantial remaining lease term of approximately 9.1 years, expiring December 31, 2033, with a lease commencement date of January 1, 2012. The current asking price is $1,727,226, representing a price per square foot of $181.81 and a 6.35% cap rate, generating a net operating income (NOI) of $109,678. The lease is a Net Net (NN) lease and is backed by Family Dollar's corporate entity. This location benefits from its strategic position on Oxford Avenue near Roosevelt Boulevard, a major Philadelphia thoroughfare, ensuring high visibility and accessibility within the Oxford Circle neighborhood, approximately 6 miles northeast of Center City. The property's performance significantly outperforms other Family Dollar locations nationwide, ranking in the 93rd percentile nationally and the 90th percentile in Pennsylvania based on customer traffic data from Placer.ai. The strong demographics, with 53,848 people within a 1-mile radius, further enhance the investment potential. This is a rare opportunity to acquire a stable, high-performing retail asset with a long-term tenant commitment.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.0849
- Latitude
- 40.0329
