Listing Contacts
Kenneth Yanni
License: PA RS323884
Edward Ginn
License: PA RM050201A
Asking Price
$1,212,730
Address
226 W Germantown Pike
East Norriton, PA
Property Details
Asking Price
$1,212,730
Property Type
Retail
Lease Type
Absolute NNN
Tenancy
Single
Lease Term
5 years
Lease Commencement
05/01/2019
Lease Expiration
04/30/2024
Remaining Term
4.4 years
Square Footage
2,989
Price/Sq Ft
$405.73
Year Built
1998
Lot Size (acres)
0.44
Parking (spaces)
11
Ownership
Fee Simple
Property Description

  • Free-standing 7-Eleven with 100’ of frontage on the busy 4 lane highway of Germantown Pike with an ADT count of 30,201.
  • Germantown Pike is a historic road that opened in 1687 that spans from Philadelphia, Pennsylvania to Collegeville, Pennsylvania.
  • The property sits less than a mile from Rt. 202 and Less than 5 Miles from the PA Turnpike Norristown Interchange (I-276) and on ramp to “The Blue Route” (I-476).

Property Highlights

  • 5 Years of Term Remaining
  • 10% Rental Increases Every 5 Years Through Term & Option