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Mattress Warehouse & Quick Lane E Baltimore Pike 15,573 SF Retail Building Kennett Square, PA 19348 $7,000,000 ($449.50/SF) 6.44% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased to Mattress Warehouse and Quick Lane Tire & Auto Center
- Adjacent to Wawa, Walmart, CVS, Starbucks and other major national brands
- Located along Baltimore Pike (35,000+ VPD), a dominant retail corridor in Chester County
- Less than one mile from Longwood Gardens, drawing 1.6M+ visitors annually
EXECUTIVE SUMMARY
Equity CRE is pleased to present 905–909 E. Baltimore Pike in Kennett Square, Pennsylvania—two fully-leased, freestanding retail assets occupied by nationally recognized tenants: Mattress Warehouse and Quick Lane Tire & Auto Center. This rare opportunity offers long-term income security and strong real estate fundamentals in the heart of Kennett Square—an affluent, supply-constrained submarket in Chester County with high barriers to entry.
The offering features stable, passive cash flow backed by NNN leases with built-in rental increases and extended terms. Quick Lane is leased through December 2039, and Mattress Warehouse through January 2035. Together, the properties generate a combined net operating income of $450,718, priced at a 6.44% cap rate.
The offering features stable, passive cash flow backed by NNN leases with built-in rental increases and extended terms. Quick Lane is leased through December 2039, and Mattress Warehouse through January 2035. Together, the properties generate a combined net operating income of $450,718, priced at a 6.44% cap rate.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
15,573 SF
Building Class
B
Year Built
2019
Price
$7,000,000
Price Per SF
$449.50
Cap Rate
6.44%
NOI
$450,718
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.20 AC
Zoning
MU - Multiple Use
Parking
35 Spaces (2.25 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Mattress Firm
- Retailer
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99,999 SF
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Lorem Ipsum
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- Quick Lane
- Retailer
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99,999 SF
- -
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Lorem Ipsum
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Mattress Firm | Retailer | 99,999 SF | - | Lorem Ipsum | - | |
| Quick Lane | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 61-06P-0015.0300 | Improvements Assessment | $1,205,320 |
| Land Assessment | $253,360 | Total Assessment | $1,458,680 |
PROPERTY TAXES
Parcel Number
61-06P-0015.0300
Land Assessment
$253,360
Improvements Assessment
$1,205,320
Total Assessment
$1,458,680
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Mattress Warehouse & Quick Lane | E Baltimore Pike
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