129 Gulph rd - Retail FOR SALE


King Of Prussia, PA 19406- Valley Forge/King of Prussia
$12,782,000 USD
215-603-6914
129 Gulph rd, King Of Prussia, PA for Sale
$12,782,000 USD
Retail - FOR SALE
1/9
null | 5.75% Cap Rate

129 Gulph rd
King Of Prussia, PA 19406
Valley Forge/King of Prussia


HIGHLIGHTS

  • Fully leased to four national fast-casual tenants
  • Directly across from King of Prussia Mall
  • Surrounded by 9M SF of retail within 3-mile radius
  • Adjacent to two newly built hotel developments
  • Long-term NNN leases with stable cash flow
  • High-traffic location with 89K+ vehicles per day

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this newly constructed, fully leased four-tenant retail strip center located at 129 South Gulph Road in King of Prussia, Pennsylvania. This 9,860-square-foot property sits on a 5.3-acre parcel within the Gulph Creek Promenade mixed-use development and features modern 2025 construction with NNN condo ownership. The center is fully leased to nationally recognized fast-casual tenants First Watch, CAVA, DIG, and Just Salad, offering investors a combination of corporate-backed credit and strong rental growth. The property benefits from a prime King of Prussia location, directly across from the King of Prussia Mall and within one of the Philadelphia MSA’s most trafficked retail nodes, with daily vehicle counts exceeding 250,000 from South Gulph Road, W. Dekalb Pike, and I-76. The site is also adjacent to two new hotels, bringing additional demand from business and leisure travelers, and is surrounded by a dense retail ecosystem anchored by national brands, restaurants, and lifestyle tenants. Leases are structured as NNN, with landlord responsibilities reimbursed by tenants, providing a predictable income stream with minimal management obligations. First Watch and CAVA operate under 10-year corporate NNN leases with rental increases of 10–15% in year 6 and at each renewal option, while DIG and Just Salad each have 10-year NNN leases with 3% annual escalations throughout the base term and option periods. King of Prussia is one of the most coveted submarkets in Greater Philadelphia, with limited new retail development opportunities due to dense existing retail, high land costs, and strong demand. The scarcity of available space enhances long-term tenant retention and asset value, making this property a rare opportunity to acquire a new-construction, fully leased retail asset in a high-barrier market.

FOR SALE DETAILS

PRICE

$12,782,000 USD

PRICE/SF

$1,296 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA/First Watch Strip | King of Prussia, PA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

99

LAND DETAILS

LAND ACRES

5.29 AC

LAND SF

230,432 SF

ZONING

GC

APN/PARCEL ID

58-00-17473-523

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.