Listing Contacts
Kenneth Yanni
License: PA RS323884
Edward Ginn
License: PA RM050201A
Asking Price
$5,335,504
Address
909 E Baltimore Pike
Kennett Square, PA
Property Details
Asking Price
$5,335,504
Property Type
Retail
Investment Type
Net Lease
Lease Type
NNN
Square Footage
5,000 - 10,300
Cap Rate
7.13%
Occupancy
100%
Units
2
Year Built
2019
Buildings
2
Lot Size (acres)
2.2
Parking (spaces)
72
Ownership
Fee Simple
Property Description
Equity Retail Brokers are pleased to offer for sale to qualified investors an opportunity to acquire a prime piece of real estate, with two long-term leases in place. Currently under construction, Mattress Warehouse and Quick Lane will be coming to Kennett Square in the Summer of 2019. Situated in a retail corridor on Baltimore Pike, the subject property is minutes from The Shoppes at Longwood Village that includes national tenants such as TJ Maxx, Famous Footwear, Ulta Beauty, Hallmark, Starbucks and many more! Quick Lane and Mattress Warehouse are located on Rt. 1 in Chester County, Pennsylvania and less than a mile from Longwood Gardens.
Property Highlights
  • Mattress Warehouse - 10 Years of Initial Term, Beginning in Summer of 2019¬†
  • Quick Lane - 15 Years of Initial Term, Beginning at Close of Escrow
  • No LL Responsibilities¬†