Description

2,700 SF, NNN ground floor corner retail opportunity in the heart of North American Street. Prominent glass exposure, high ceilings and a functional layout, perfect for F&B or any retail use. This is a triple net lease. Tenant is responsible for proportionate share of expenses. Located at the intersection of Philadelphia's Fishtown & Olde Kensington neighborhoods. Irreplaceable positioning along the southernmost part of the North American Street commercial corridor, a double-wide street with an abundance of light and air. Through federal funding received by the City of Philadelphia, American Street recently underwent a $26.4M streetscape project to promote increased foot traffic through the creation of bike lanes, new street trees, lighting, and public plazas. Some of Philadelphia's most prolific multifamily developers have positioned themselves on the corridor, with the expectation that upwards of one thousand residential units will be delivered in the next 2-3 years in addition to other ancillary commercial uses including the soon-to-be-completed Clay Studio. The Fishtown and Olde Kensington submarkets are among Philadelphia's hottest and most cultured, and the area has become a culinary, hospitality, and nightlife destination. Some of the best new restaurants in the city including Suraya, Laser Wolf (a Cook N Solo restaurant, which was recently ranked by NY Times as "one of the 50 restaurants they are most excited about in 2021), LMNO (recently opened Stephen Starr restaurant), Middle Child, and Pizzeria Beddia are all within close walking distance. Frankford Hall (Stephen Starr) and La Colombe's headquarters (in addition to a large storefront/café) are located on Frankford Avenue. In addition, many new experiential retail concepts and entertainment venues have opened in close proximity including Brooklyn Bowl, Live Nation, Five Iron Golf, and Other Half Brewing (NYC-based Brewery).