Wonder (Grubhub Parent Company) 233 Morton Ave 3,276 SF Retail Building Folsom, PA 19033 $2,675,400 ($816.67/SF) 6% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a recently fully renovated 3,276 square foot, single-story retail building with ample onsite parking leased to Wonder for 15 years with 3% annual rent increases. Wonder, the parent company of Grubhub with over $2 Billion in revenue, offers an exclusive menu of 350+ “fine fast” dishes from well-known chefs and restaurants, all at one location. Wonder’s new dine-in, take-out and delivery concept is expanding rapidly with 46 locations currently open in six states, and plans for 90 locations to be open by the end of 2025. Wonder was recently valued at $7+ billion with a new $600 million investment round from Google Ventures, New Enterprise Associates, Accel, Forerunner, and Amex Ventures
The Wonder property is strategically located on the southwest corner of the signalized intersection of MacDade Boulevard and Morton Avenue, with combined traffic counts over 39,400 VPD. The surrounding demographics are excellent with over 134,400 population within 3 miles and over $118,570 average household income within a mile. The site is a mile northeast of the Interstate 476 on/off ramps, which is a half mile from the Interstate 476-Interstate 95 interchange. The immediate area is comprised of a robust commercial corridor, which includes public infrastructure such as schools and parks, while being surrounded by dense residential neighborhoods. Nearby commercial tenants include ACME Markets, Lidl, Home Depot, Staples, Chick-fil-A, Wells Fargo, Planet Fitness, and Wendy’s, to name a few. MacCade Boulevard is a major east-west thoroughfare that connects to Interstate 476 to the west and Holmes, Glenolden, Collingdale, Sharon Hill, and Darby to the east. Morton Avenue becomes North Swarthmore Avenue just south of the property and provides access to Pennsylvania Route 420 Alt Truck, while the northern track of Morton runs through Folsom’s residential neighborhoods.
This property is listed in conjunction with Cushman & Wakefield of Pennsylvania, LLC