1817 Old York Rd - Freestanding FOR SALE


Abington, PA 19001
$1,732,000 USD
215-603-6914
1817 Old York Rd, Abington, PA for Sale
$1,732,000 USD
Freestanding - FOR SALE
1/7
null | 6.25% Cap Rate

1817 Old York Rd
Abington, PA 19001


HIGHLIGHTS

  • Situated along Old York Road (Route 611), one of Montgomery County’s primary commercial corridors with daily traffic counts reaching 31,492 VPD
  • Vitamin Shoppe has successfully occupied this location for 25-years with several lease renewals, including their most recent 5yr extension
  • The subject property lease is corporately guaranteed by Vitamin Shoppe Industries LLC and features 2% annual rental increases
  • NNN lease structure, with the tenant responsible for taxes, insurance, and CAM as well as repair/replacement of HVAC, sidewalks, and parking lot
  • Philadelphia MSA infill location and close proximity to major medical destinations
  • Strong real estate fundamentals - the property benefits from immediate adjacency to a cluster of health and fitness-oriented users along Old York Road

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT The Vitamin Shoppe, a proven, long term health and wellness retailer positioned along one of Montgomery County’s most dominant commercial corridors. The tenant has successfully operated at this location for 25 years and recently executed a 5 year lease extension, reaffirming their commitment to this high performing Philadelphia MSA site. Backed by a corporate guarantee from Vitamin Shoppe Industries LLC, the asset provides investors secure, predictable income supported by a nationally recognized operator in the $50B+ health and wellness sector.

FOR SALE DETAILS

PRICE

$1,732,000 USD

PRICE/SF

$514 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vitamin Shoppe

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,478 SF

ZONING

F1

APN/PARCEL ID

30-00-50048-007

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.