Retail Space For Lease in Philadelphia County

Equity Retail Brokers is pleased to offer qualified investors the opportunity to purchase a +/- 4,896 SF vacant bank building on approximately 1 Acre in Philadelphia, PA.​ Located at 8001 Frankford Ave, Philadelphia, PA this property sits on the signalized intersection of Frankford Ave & Rhawn St in Phila’s Holmesburg Neighborhood. This bustling intersection sees almost 23,000 ADT, and has multiple Septa Bus Routes driving by and stopping daily. The property has a large pylon sign on the front corner and includes additional property features of roughly 45 private parking spaces, 3 drive thru lanes, and front & rear building access for its patrons. This property is being offered in “as-is” condition, and the seller is not obligated to provide property improvements or alterations.

The sale of this property will include a lease with Wells Fargo to keep an ATM on the site. 

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Equity Retail Brokers is pleased to offer qualified investors the opportunity to acquire a Citizens Bank branch in the Frankford neighborhood of Philadelphia.​ The Frankford neighborhood is located in Northeast Philadelphia, about 6 miles from Downtown Philadelphia.​ The subject property sits directly across the street from Septa’s Arrott Transportation Center, which allows for direct services to 7 different Septa Bus lines, as well as the Market-Frankford Elevated Railway.​ These bus and train lines provide over 213,000 average riders a day in addition to the 16,739 ADT.​

Citizens Bank has an operating history of over 45 years at this location, on an absolute NNN lease, leaving the landlord with absolutely no financial responsibilities related to the property.​ With about 1.5 years remaining on the current term, there is one (1) additional 10-year option remaining.​ The lease is backed by a corporate guarantee from Citizens Financial Group, a publicly traded company headquartered in Providence, RI with an S&P 500 credit rating of A- and a Moody’s rating of Baa1 (NYSE - CFG).

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