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Bustleton Welsh Shopping Center

Bustleton Welsh Shopping Center

1916 Welsh Rd & 9233 Old Bustleton Ave, Philadelphia, PA 19115

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PROPERTY DETAILS

Price

$3,700,000

NOI

$338,765

Cap Rate

9.16%

Total Lot Size

1.93 AC

Building Size

±27,020 SF

Marketing Description

Equity CRE and Eastman Arnold are pleased to present to qualified investors the opportunity to purchase Bustleton Welsh Shopping Center, a ±27,020 SF shopping center with a wide-ranging tenant mix. The subject property is situated between Welsh Road and Old Bustleton Avenue in the Bustleton section of Philadelphia. The tenant mix consists of service-oriented tenants that conveniently serve customers in the community and surrounding areas.

Bustleton Welsh Shopping Center is a multi-tenant center with of a 27,020 square foot building on approximately 1.93 acres. It features 20 tenants, many of which have had long-term tenancies.

Investment Highlights

  • Value-Add Opportunity: With several leases on a month-to-month gross-lease tenancy, there is an opportunity to easily extend and convert the leases to full net.
  • Densely Populated Area: Center benefits from densely populated surrounding area with nearly 200,000 people living within a 3-mile radius.
  • Strong Demographics: This property thrives from the strong demographics surrounding this location, with an average HHI of $99,178 with a 3-mile radius.
  • Zoning: Bustleton Welsh Shopping Center is zoned CA Auto-Oriented Commercial, which allows for a range of uses, often in the form of shopping centers and other destination-oriented uses.

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