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Narberth Square 640 Montgomery Ave 2,600 - 15,850 SF of Retail Space Available in Narberth, PA 19072
HIGHLIGHTS
- 13,260 SF former Rite Aid space available, fully divisible, with excellent visibility.
- Prominent corner location at Montgomery Avenue and Meeting House Lane with over 28,000 vehicles daily.
- Affluent trade area with average household incomes of $297,903 within one mile.
- Additional 2,600 SF retail suite in a newly constructed building with 25 luxury apartments above.
- Surrounded by strong co-tenancy and major traffic generators including ACME, Staples, Wawa, and CVS.
- Ample off-street parking and convenient access to Philadelphia’s Main Line communities.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,250 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 2,600 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
640 Montgomery Ave - 1st Floor
Former Rite Aid with abundant off street parking located in an affluent, dense trade area surrounded by established dining, fitness, and medical destinations.
- Off Street Parking
- High Visibility Corner with +/-30,000 Vehicles/Day
- Affluent Trade Area
650 Montgomery Ave - 1st Floor
2,600 SF of ground floor retail space.
- Off Street Parking
- High Visibility Corner with +/-30,000 Vehicles/Day
- Affluent Trade Area
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 15,850 SF | Center Properties | 2 |
| Center Type | Neighborhood Center | Gross Leasable Area | 13,250 SF |
| Parking | 175 Spaces | Total Land Area | 5.70 AC |
| Stores | 6 | Year Built | 1999 |
| Total Space Available | 15,850 SF |
| Center Type | Neighborhood Center |
| Parking | 175 Spaces |
| Stores | 6 |
| Center Properties | 2 |
| Gross Leasable Area | 13,250 SF |
| Total Land Area | 5.70 AC |
| Year Built | 1999 |
ABOUT THE PROPERTY
Narbeth Square offers a premier retail leasing opportunity in the heart of Philadelphia’s prestigious Main Line. Located at 650 Montgomery Avenue, this property features a former 13,260 SF Rite Aid space that is fully divisible, along with an additional 2,600 SF retail suite. The site boasts abundant off-street parking and a highly visible corner position at Montgomery Avenue and Meeting House Lane, with traffic counts exceeding 28,000 vehicles per day. This vibrant retail destination is surrounded by established dining, fitness, and medical services, creating a strong consumer draw. The property benefits from a dense, affluent trade area with average household incomes exceeding $297,000 within a one-mile radius. The immediate area includes top traffic generators such as ACME, Staples, Wawa, CVS, and Citizens Bank, ensuring consistent customer flow. The 2,600 SF suite is part of a newly built retail section with 25 luxury apartments above, offering built-in foot traffic and a modern environment for tenants. With its strategic location, strong demographics, and high barriers to entry, Narberth Square is an ideal choice for retailers, service providers, and specialty users seeking a prime Main Line address.
NEARBY MAJOR RETAILERS
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Narberth Square | 640 Montgomery Ave
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