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5692 Rising Sun Ave
Philadelphia, PA 19120 Lawncrest

$5,277,000 USD

Bank For Sale  •  11,082 SF

Property Details

  • Property Type Bank
  • Total Building Size 11,082 SF
  • Lot Size 0.81 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 5.25 %
  • Tenancy Single
  • Zoning CA2
70 Transit Score
70 Walk Score

Highlights

Corporately guaranteed by Bank of America, NA and rated A+ by Standard & Poor's
Previously located approx. 1 mile away in mid-block, older outdated building and no drive-thru but with strong deposit performance over $100M
Located roughly 6 miles away from Center City Philadelphia in an extremely dense area with over 45,000 people within a 1-mile radius
"Mission Critical" full service location with strong real estate fundamentals
Ideally positioned less than a mile from the Roosevelt Blvd (Rt-1), the busiest corridor in all of NE Philadelphia with traffic counts over 70,000 VPD
New long term lease with 10% rental increases every 5-years throughout the base term and in each option period
Cap Rate: 5.25 %

Amenities

  • Banking
  • Bus Line
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
Lawndale (Fox Chase Line - SEPTA) 2 min 20 min 1.1 mi
Olney (Fox Chase Line - SEPTA) 3 min - 1.3 mi
AirportDriveWalkDistance
Philadelphia International 32 min - 19.4 mi
Trenton Mercer 43 min - 26.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Matthew Gorman 215-603-6914 CBRE, Inc.
Matthew Gorman 215-603-6914 CBRE, Inc.