198 N Buckstown Rd
Langhorne, PA 19047
Margarita's Mexican Restaurant · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to offer a fee simple interest in a single-tenant Margaritas located in Langhorne, PA. The tenant is subject to an absolute-net lease featuring a 10 percent increase every five years. Four years remain of the 10-year base term to be followed by three, five-year option periods. The 7,305 square-foot Margaritas restaurant sits on a 1.38 acre parcel bolstered by the lot's 143 parking spaces. The Langhorne property is in a prime location in Bucks County, PA. The lot is adjacent to Sesame Place Theme Park, a children’s amusement park which attracts thousands of families each year. It is the only theme park in the US to be entirely based on Sesame Street® and was the first theme park in the world to be designated as a Certified Autism Center by IBCCES. The property centered in situated on a major retail corridor at the intersection US Route 1 and Interstate 295. The corridor is the primary shopping district serving Langhorne, Fairless Hills and Levvitown, PA. Daily traffic counts exceed 40,000 vehicles per day along the corridor which spans Lincoln Highway and Oxford Valley Road. The corridor is home to a many big box retailers including The Home Depot, Target, Best Buy and Lowes Home Improvement. In addition to Oxford Valley Mall, notable centers include Langhorne Square Shopping Center, Oxford Valley Plaza and Lincoln Plaza. It is within a mile of the 112-bed Aria Health’s Hospital and six hotels including Marriott, Sheraton, and Holiday Inn. Interstate 295 and US Route 1 access enables travel to Philadelphia in 30 minutes and New York City in 90 minutes.