800 Hill Ave
Wyomissing, PA 19610
McDonald's | Wyomissing, PA · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this McDonald's property located on Hill Ave in Wyomissing, Pennsylvania. McDonald's has been in continuous operation here since 1987 with a history of exceptional store sales. McDonald's just signed a new 20 year absolute-net lease and simultaneously expanded the size of their parcel to 1.93 acres, which includes the adjacent parking field allowing room for future expansion. This is an absolute-net ground lease with no landlord responsibilities or expenses and scheduled rental increases throughout the base term and options. The property was gut-rehabbed in 2012 and renovated again in 2019 to upgrade the store with the newest technology including touchscreen ordering systems and a double drive-thru. The lease is corporately guaranteed by McDonald's, an investment grade credit tenant rated “BBB+” by Standard and Poor’s. This 5,304 square foot McDonald's sits on 1.93 acres and part of The Knitting Mills, an exciting new $70 million redevelopment mixed-use business and retail campus. The Knitting Mills will be the future home of a new Super Wawa on 2.13 acres which is scheduled to open in October 2019. Tower Health currently occupies a 53,000 square foot building (for IT and training purposes) and will additionally occupy a separate 210,650 square foot building (C-Suite administrative offices) in January 2022. UGI Energy’s corporate headquarters will occupy 146,324 square feet within the campus with an expected opening date of July 2019. Teleflex Inc’s newest lab/R&D/manufacturing facility has a scheduled completion date of June 2019 and will occupy a 53,000 square foot building. The Knitting Mills is also home to VF Outlet Store, Orthopedic Associates surgery and imaging center as well as Sly Fox’s latest brewery and pub. Surrounding complementary uses include: Drexel University’s College of Medicine, Tower Health’s Main Campus, Wyomissing Square apartments (248 units), the Lofts at Narrow, Courtyard by Marriott as well as active retail corridors with shops and restaurants on 8th and 6th avenues. McDonald's is also strategically situated off Park Rd & Penn Ave., both main retail corridors, and roughly ½ mile from the Reading Hospital and an interchange with Rte. 422, the main thoroughfare connecting the western suburbs to Philadelphia.