Multi Tenant Retail
Dollar General & Popeyes
1861 & 1871 Delmar Drive Folcroft, PA 19032
Listing Price: $3,873,266
Cap Rate
5.66%
Net Operating Income
$219,109
Occupancy
100%
Lot Size
4.60 Acres
Rentable SF
9,645 SF
Lease Types
Double Net (NN)
WALT
10.7 Years
Investment Highlights:
Exclusivley Listed By:
SENIOR VICE PRESIDENT INVESTMENTS
DERRICK DOUGHERTY
(215) 531-7026
» The property comprises of two freestanding buildings totaling to 9,645 SF on 4.60 Acres. This includes a 7,500 SF Dollar General and a 2,145 SF drive thru Popeyes with staggered lease roll over.
» Dollar General is rated BBB/Stable by S&P Global Rate with over 20K stores across 47 states. Popeyes features a personal guarantee for the first 5 years by a seasoned operator named Ali Butt. Ali is the CEO of the AR Group of Restaurants which operates 125 fast food concepts such as Popeye’s, Pizza Hut, Checkers, and Taco Bell.
» Within 3 miles the population is 140K with an AHI of $78K. Located Along Delmar Drive(9K VPD) featuring a 2M+/- Sq FT Industrial and the Delaware County Technical School down the street.
» Located 9 miles south of Center City Philadelphia and nearby high traffic Routes like I-95 and Chest Pike. Only 2.5 Miles west of the Philadelphia International Airport which is the 21st busiest airport in the country.