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Mattress Warehouse & Quick Lane

909 E Baltimore Pike, Kennett Square, PA 19348
Offering MemorandumInvestment Flyer

Mattress Warehouse & Quick Lane | NNN Leases

Two Freestanding Buildings

Property Details

  • Two Free-Standing Buildings: Mattress Warehouse & Quick Lane
  • Situated on Route 1 (Baltimore Pike) in Chester County, PA
  • No LL Responsibilities
  • 10% Increases Every 5 Years in Initial Term and Options
  • Currently under construction, Mattress Warehouse and Quick Lane will be coming to Kennett Square Summer of 2019. Located in a retail corridor, the subject property is minutes from the Shoppes at Longwood Village that includes national tenants such as TJ Maxx, Famous Footwear, Ulta Beauty, Starbucks, and many more! Additionally, Mattress Warehouse and Quick Lane will sit adjacent to a Wawa Gas Station and across from WSFS bank, Verizon, BB&T Bank, and CVS.
  • Chester County is within 40 miles of Philadelphia and is apart of the PA-NJ-DE-MD MSA

Investment Highlights

  • Price: $5,335,504

  • Cap Rate: 7.13%

  • Lease Type: NNN

  • Mattress Warehouse – 10 Years of Initial Term, Beginning in Summer of 2019

  • Quick Lane – 15 Years of Initial Term, Beginning at Close of Escrow

Contact

Ed Ginn

484.417.2201
eginn@equityretailbrokers.com

Bri Barratt

484.417.2225
bbarratt@equityretailbrokers.com

Ken Yanni

484.417.2223
kyanni@equityretailbrokers.com

Shane Dolan

484.482.2544
sdolan@equityretailbrokers.com

Property Location

Mattress Warehouse & Quick Lane

909 E Baltimore Pike
Kennett Square, PA 19348