1843 Easton Rd - Fast Food FOR SALE


Willow Grove, PA 19090
$595,000 USD
646-805-1491
1843 Easton Rd, Willow Grove, PA for Sale
$595,000 USD
Fast Food - FOR SALE
1/9
null | 6.01% Cap Rate

1843 Easton Rd
Willow Grove, PA 19090


OVERVIEW

Passive Income --- Absolute Net Leased Papa John’s with Zero Responsibilities Located at the Heavily Trafficked Signalized Intersection of Easton Road with More Than 14,900 Vehicles Passing Daily Lease Term --- Papa John’s has 4.5 Years Remaining on the Base Term of the Lease with 2% Annual Rent Increases, as a Hedge Against Inflation Future Upside --- Tenant has No Options Remaining Providing Future Upside by Renegotiating the Lease or Repositioning the Site Shopping Center --- Strategically Located Across from Willow Grove Park a 1.2 Million Square Foot Shopping Center with Over 120 Stores Including Macy’s, Bloomingdale, Nordstrom, Cheesecake Factory, Chick-fil-A, Old Navy, Dick’s, and Many More Philadelphia MSA --- Subject Property is Strategically Located In the Philadelphia MSA - the 8th Most Populous Area in the U.S. with More Than 6.2 Million Residents Strong Guarantee --- Lease Guaranteed by a Premiere Papa John’s Operator with Over 70 Units Throughout the Area and Plans to Reach 250 Units

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa John’s

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

F2

APN/PARCEL ID

30-00-14816-004

ASK ABOUT THIS PROPERTY

Michael CardoneMarcus & MillichapMore Info
646-805-1491

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Michael CardoneMarcus & MillichapMore Info
646-805-1491

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