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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:

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FIRST VICE PRESIDENT INVESTMENTS
MARK KRANTZ

(215) 531-7056
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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.

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