About 300 North York Road
Offered for sale to qualified buyers is the rare opportunity to acquire a premium property in Willow Grove, Montgomery County, PA, a densely populated suburb of Philadelphia.
The subject property is a 22,500 SF building on a 2+ AC lot that is currently leased to, and formerly occupied by, Savers*. The building is directly situated on York Road (Route 263) within a major retail corridor. Adjacent to the property are local and national retail tenants including Giant, Wawa, Manhattan Bagel, Zoë’s Kitchen, grub Burger Bar, Sport Clips, and Bryn Mawr Trust. The surrounding area makes the subject property an ideal opportunity for an investment or redevelopment, as it is just seconds from the Willow Grove Shopping Center and Willow Grove Mall!
Tenant - Savers (a for-profit, global thrift retailer offering quality, gently used clothing, accessories and household goods)
Over 300 locations across Australia, Canada, and the U.S., with over 21,600 employees
Excellent Investment or Redevelopment Opportunity!
Vacant building on a +2.00 AC Lot
Located within the Philadelphia MSA
Stable Income
NNN Lease – minimal landlord responsibilities
Corporately backed lease
Five years remaining on tenant’s lease
Next rent bump beginning in December 2020
Strong Retail Location
Dense retail corridor
High traffic count and abundant parking