Bella Vista Condo Housing Starbucks and Percy Street BBQ For Sale
Bella Vista Condo Housing Starbucks and Percy Street BBQ For Sale
Bella Vista – The commercial condominium at the ground level of 600-02 South 9th Street that houses Starbucks and Percy Street BBQ is for sale at an asking price of 2,499,900!
“Unparalleled opportunity to have two long term successful businesses as your tenants!! 600-602 South 9th Street unit #GF, (9th and South St.) is being offered for sale. 8800 square foot commercial condominium subdivided into two spaces.. One is rented by STARBUCK’s Coffee and the other by Percy Street BBQ Restaurant- (with Liquor License). Starbucks is at the beginning of 15 year lease extensions and the Restaurant’s first 10 year extension date is in 2016. The leases are Triple Net. Tenants pays 100% of properties Insurance, real estate taxes, condo fees, utilities. The annual rent is $187,484, Starbucks is paying $4790/month and BBQ is paying $11,104/month. Excellent ROI and an extremely passive Investment. Annual rent increases are part of the leases.”
The property is owned by Husky Associates LP and was purchased on June 4, 2010 for 1,940,000.
Click For a 100% FREE search of all Philadelphia Real Estate
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
