NNN Leased Retail Condominium | Cloudline Physical Therapy

Equity CRE is proud to announce the sale of 239-41 S 10th St. Positioned in the heart of Washington Square West, one of Philadelphia’s most energetic and walkable retail corridors, this property presents a rare opportunity to acquire a fully stabilized, trophy retail condominium just steps from Thomas Jefferson University Hospital and Walnut Street. This ±2,800 SF street-level retail asset is 100% leased to a high-performing tenant, Cloudline Physical Therapy, on a long-term triple net lease through 2031, ensuring steady, predictable income with virtually no landlord responsibilities. The asset sits in a dense, mixed-use pocket of Center City, surrounded by medical, residential, and hospitality demand — a proven formula for sustained foot traffic and rent growth.

• Stabilized NNN Retail Investment: 100% leased through 2031 with renewal options, providing long-term, predictable cash flow and minimal landlord obligations under a true triple-net structure.
• Proven Retail Corridor: Retail rents in the Washington Square West and Market East submarket average $35–$45/SF, driven by healthcare density, tourism, and neighborhood residential growth.
• Demographics: Jefferson Health District Influence: The property sits just one block from Thomas Jefferson University Hospital, a reliable base of consistent foot traffic, drawing tens of thousands of employees, students, and visitors daily.
• Demographic Overview (1-mile):
  • Population: 98,579
  • Average HHI: $163,195
  • Daytime Population (Ages 16+): 204,244