Walgreens | 9 Years of Term | Philadelphia Metro Area

Investment Highlights:

• Walgreens (dark) rent continues through 2035 (income security + upside potential)
• Freestanding ±14,525 SF building with expansive surface parking 
• High-visibility placement on Castor Avenue with excellent signage presence
• Dense Northeast Philadelphia population: 684,496 residents within 5 miles and strong household incomes exceeding $84,000 average
• Surrounded by established national and regional retailers, supporting consistent traffic 
• Flexible retail layout — ideal for grocery, medical, fitness, value retail, or neighborhood services

Offering Summary:

7201 Castor Avenue presents a unique net-lease investment and strategic repositioning opportunity in the heart of Northeast Philadelphia’s Castor Avenue retail corridor. The ±14,525 SF freestanding Walgreens benefits from excellent street visibility, a dedicated parking lot, and strong surrounding retail synergy. The trade area is highly populated with more than 684,000 residents within a five-mile radius, offering a stable consumer base and consistent traffic drivers.

The property is currently dark, but the tenant continues to pay rent through 2035, providing durable income while an investor plans long-term repositioning or redevelopment. With strong area demographics and an adaptable building footprint, this asset offers multiple value-creation strategies — including lease-up to a new user or exploring higher-and-best-use alternatives that capitalize on the site’s high-visibility location.