5694 Rising Sun Ave Philadelphia, PA 19120

This exceptional investment opportunity presents a fee-simple, single-tenant, triple-net (NNN) leased storefront property located at 5694 Rising Sun Ave, Philadelphia, PA 19120. The property, totaling 66,000 square feet, is currently 100% occupied by Forman Mills, a well-established retailer operating 46 stores across nine states and Washington, D.C., under the corporate guarantee of Shoppers World. The lease, commencing March 17, 2003, has a remaining term of 8.4 years, expiring March 30, 2033, with built-in rental increases in 2026 and 2028. The property boasts a strong 7.13% cap rate and a substantial net operating income (NOI) of $800,000, with an asking price of $11,218,033 ($169.97/sq ft). Situated on a 3.05-acre lot, the single-story, 1950-built building features 120 parking spaces and is zoned CA-2. The property benefits from a high-traffic location, with approximately 30,000 cars daily passing the intersection of Rising Sun and Adams Avenues. Its convenient location is seven miles from downtown Philadelphia and directly adjacent to a SEPTA bus stop (Route 18). The surrounding area is densely populated, with over 423,000 residents within a three-mile radius, and includes numerous national tenants such as Bank of America, Wendy's, ShopRite, and others. This presents a rare opportunity to acquire a stable, high-performing retail investment in a prime Philadelphia location.