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33157561
33157562

2037 S BROAD ST, PHILADELPHIA, PA 19148-5505 For Sale

SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
JS
CA 02074212
CrownPoint Partners
Listed by CrownPoint Partners
$2,900,000
53 days on market
Updated 53 days ago

Corporate Burger King | Trophy Location

Details
APN 882963205
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,201
Cap Rate 5.04%
NOI $146,018
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+9)
Lease Type Absolute NNN
Lease Term 15.5
Lease Expiration 08/12/2040
Remaining Term 14.1
Rent Bumps Yes
Lease Options 2X 5 Year, 1X 4.5 Years, 1X 5.5 Years
Price per SqFt $690
Broker Co-Op True
Class A
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.090
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/12/2025
Ground Lease No
Ownership Fee Simple

Historic South Broad Street Building | Rare Walk Up Window

Investment highlights

PROPERTY HIGHLIGHTS

• 15 Year Absolute Net Lease with Zero Landlord Responsibilities

• Corporate Guarantee from Burger King Company, LLC

• Rare Walk Up Location in the Heart of South Philadelphia

• Attractive 10% Rent Increases Every 5 Years, Including Options

• Tenant is Completing a Full Renovation of Irreplaceable, Historic Bank Building with Strong Residual Value

• Brand New Roof as of August 2025

• Adjacent to SEPTA’s Snyder Station with the Broad St Line Connecting Service with over 120,000 Riders Per Day

• Snyder Station will be Renovated in 2026 with New Elevators, Updated Audio-Visuals and Improved Signage, Optimized Layout and New Street Level Structures to Cover Stairways

• Excellent Visibility on Broad Street, Philadelphia’s “Avenue of the Arts” and Historic Corridor Connecting Travelers to All Parts of the City

• Burger King is the Second Largest Fast Food Hamburger Chain in the World with over 19,000 Restaurants Internationally

LOCATION HIGHLIGHTS

• Located at the Signalized Intersection of Snyder & Broad Street, Less than a Block South of Passyunk

• Adjacent to South Philadelphia High School With Over 1,000 Student and Faculty Members

• The Former McDonalds Adjacent to Subject will be Transformed into a Contemporary, Mixed Use Structure with Medical Office and 18 Apartment Units

• Directly Across Street, the Former Walgreens is being Developed into a Met Foods Neighborhood Market Adding Approximately 40 New Jobs to the Area in 2026

• In addition to over 26,000 Vehicles Passing the Site Per Day, the Subject Benefits through an Abundance of Foot Traffic

• Broad Street, Also Known as the Avenue of the Arts is Heart of Philadelphia Commerce, Government Affairs, Education and Fine Arts

• Main Thoroughfare Connecting South and North Philadelphia with all other Major Roadways (such as I-76, Market, Oregon, Girard, etc) Intersecting Perpendicular with City Hall Positioned in the Middle

• Less than 1.6 Miles from the Philadelphia Sports Complexes, Xfinity Live and Live! Casino which Features 208 Deluxe Room Hotels

• Nearby Economic Drivers to South Philadelphia Include City Hall, Center City’s Financial District and Market East Fashion District

Listing Contacts

SB
FL BK3629909, CT REB.0794450
CrownPoint Partners
JS
CA 02074212
CrownPoint Partners
Listed by CrownPoint Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,018.00
$12,168.17/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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