Historical Retail Sale Listing - NNN MULBERRY (KinderCare Sub.) MOTIVATED SELLER

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NNN MULBERRY (KinderCare Sub.) MOTIVATED SELLER

2425 Boulevard of the Generals, Norristown, PA 19403

N/A

7,516 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
7,516 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
1 years left on lease
Commission Split:
2.25%
Cap Rate:
11.45%
Tenancy:
Single
Lot Size:
1.28 AC
Listing ID
17357055
Last Updated
247 days ago

Description

MOTIVATED SELLER. NNN Net leased KinderCare subsidiary (Mulberry Childcare) located in Valley Forge, PA, 19403. The property is a 7,516 sq.ft. free standing childcare facility built in 1987. (2) 5 year options to renew beginning 5/31/2014. Tenant is likely to exercise 5 year option. 9% rent increases every 3 years through the lease and 5 year options.

Nearby Home Depot. The property is located in a commercial park, nestled within a largely residential area. The property has convenient access to route 422, interstate 476 and the Pennsylvania Turnpike. Downtown Philadelphia is about 30 minutes away. More that 200 years after Washington wintered there, Valley Forge has developed into a thriving business and recreational community. Closed to two million people visit nearby Valley Forge Historic Park annually, exploring its 36,000 acres of rolling hillsides and recreational trails. With historic parks, sites of cultural interest, the King of Prussia Mall, (the largest shopping mall in the county home to over four hundred stores and restaurants, including eight major department stores), and a concentration of other shopping villages and malls within a half hour drive of the property; the regions amenities have supported the growth of a higher income community on the doorstep of Philadelphia. According to recent census data, there are more than 57,000 households in a 5 mile radius, with an average income of more than $80,000 annually.

Map of 2425 Boulevard of the Generals, Norristown, PA 19403 (Montgomery County)

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Created 10/3/2011