2619 Ridge Pike - Retail FOR SALE


Norristown, PA 19403
$6,750,000 USD
516-477-7026
2619 Ridge Pike, Norristown, PA for Sale
$6,750,000 USD
Retail - FOR SALE
1/3
null | 6.35% Cap Rate

2619 Ridge Pike
Norristown, PA 19403


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Flagship Carwash Corporate Guarantee
  • Strong & Affluent Demographics
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Flagship Car Wash located at 2619 Ridge Pike, Trooper, PA 19403. The site consists of roughly 7,720 rentable square feet of building space on an estimated 1.27-acre parcel of land. Flagship Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $428,625 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$874 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flagship Car Wash

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

HC

APN/PARCEL ID

43-00-11875-007

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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