7720 Bustleton Avenue

Investment Overview

MPN Realty Inc. is pleased to present the sale of 7720 Bustleton Ave. in the Rhawnhurst section of Northeast Philadelphia. The site consists of a 10,790 SF single-story retail building with a drive-thru on a little over an acre. The property is currently leased to CVS; however, the tenant has closed the store and is still paying rent. CVS is obligated per the lease for approximately 6½ years. There are also 2 billboards on the site on a year-to-year lease with Clear Channel. This income stream provides the new owner with the opportunity to continue to collect rent while working on their plans for the site. Zoned CMX-1, the site has tremendous visibility and vehicular traffic, making it ideal for retail, and is also located alongside a residential neighborhood, providing potential for residential development. The property is very well located at a signalized intersection with 3 street frontages in the heart of Northeast Philadelphia.