Updated May 15, 2026
Landi Prendi Leases Retail Space At 2501 Meredith Street Philadelphia With Landlord Joseph Spina
2501 Meredith Street
Building Size
1,500 SF
Asset Type
Retail
Closing
Apr 30, 2026
About this deal
AI
The property involved in this transaction is a retail space located at 2501 Meredith Street in Philadelphia. The asset comprises 1,500 square feet and is leased at a rate of $27 per square foot. The lease agreement has a term of 5 years, structured as a NNN Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $27/ft
- Lease Term: 5 Years
- Lease Type: NNN Lease
- Landlord: Joseph Spina
- Tenant: Landi Prendi
- Broker: Billy Creagh - National Realty Commercial
This leasing transaction was facilitated by Billy Creagh, representing the landlord, Joseph Spina, in securing a tenant for the retail space. Landi Prendi has agreed to the lease terms as stipulated, completing this transaction within the designated timeframe.
On the Map
Retail
View full map
Philadelphia Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Billy Creagh to view all their deals.
Browse Philadelphia retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93