Listing Contacts
 
David Goodman
License: PA RS315630
Edward Ginn
License: PA RM050201A
Asking Price
$6,250,000
Address
300 N York Rd
Willow Grove, PA
Property Details
Asking Price
$6,250,000
Property Type
Retail
Sub Type
Freestanding
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Tenancy
Single
Rent Commencement
01/01/2015
Lease Expiration
12/31/2025
Remaining Term
5.9 years
Square Footage
22,500
Price/Sq Ft
$277.78
Buildings
1
Permitted Zoning
Commercial Core
Lot Size (acres)
2.02
Parking (spaces)
100
Rent Bumps
Next rent bump beginning in December 2020
Ownership
Fee Simple
Property Description
Offered for sale to qualified buyers is the rare opportunity to acquire a premium property in Willow Grove, Montgomery County, PA, a densely-populated suburb of Philadelphia. 

The subject property is a 22,500 SF building on a 2+ AC lot that is currently leased to, and formerly occupied by, Savers*. The building is directly situated on York Road (Route 263) within a major retail corridor. Adjacent to the property are local and national retail tenants including Giant, Wawa, Manhattan Bagel, Zoë’s Kitchen, grub Burger Bar, Sport Clips, and Bryn Mawr Trust. The surrounding area makes the subject property an ideal opportunity for an investment or redevelopment, as it is just seconds from the Willow Grove Shopping Center and Willow Grove Mall!

*Savers’ lease term expires on 12/31/2025

Property Highlights
Tenant - Savers 
  • Savers is a for-profit, global thrift retailer offering quality, gently used clothing, accessories and household goods* 
  • Over 300 locations across Australia, Canada, and the U.S., with over 21,600 employees 
Excellent Investment or Redevelopment Opportunity! 

  • Vacant building on a +2.00 AC Lot 
  • Located within the Philadelphia MSA 

Stable Income

  • NNN Lease – minimal landlord responsibilities 
  • Corporately-backed lease 
  • Five years remaining on tenant’s lease
  • Next rent bump beginning in December 2020 

Strong Retail Location

  • Dense retail corridor
  • High traffic count and abundant parking