400 Privet Rd
Horsham, PA 19044
Bryn + Dane's · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bryn + Dane's property located at the signalized corner of Privet Road and Horsham Road in Horsham, Pennsylvania. Bryn + Dane's currently has 9 years remaining in its initial 10 year lease with two, five year options to renew. There are 10% rental increases every 5 years in the base term of the lease and in each option period to renew. The lease is corporately guaranteed by Bryn + Danes Global Inc., the main parent company. This 1,871 square foot Bryn + Dane's sits on a large 1.15 acre parcel with excellent access and visibility for over 31,000 vehicles per day. The property was built new in 2009, renovated in 2018 and comes with a 15 year manufacturer’s warranty for the roof. Bryn + Dane's is ideally surrounded by numerous offices and large pharmaceutical companies, with a strong daytime population exceeding 190,000 people within 5 miles of this site. The tenant’s concept is supported by average household incomes over $108,000 within 1 mile, over $119,000 within 3 miles and over $115,000 within 5 miles. Bryn + Dane's is also surrounded by numerous schools with a combined enrollment over 3,700 students. Hatboro-Horsham Senior High School has 1,619 students enrolled, Hallowell Elementary School has 302 students enrolled, Keith Valley Middle School has 1,134 students enrolled and Simmons Elementary School has 710 students enrolled. This fee simple offering, combined with a longer term lease, rental increases and a guarantee from an expanding tenant provides the ideal investment for the astute investor.