129 Gulph rd - Retail FOR SALE


King Of Prussia, PA 19406- Valley Forge/King of Prussia
$13,290,000 USD
215-568-2600
129 Gulph rd, King Of Prussia, PA for Sale
$13,290,000 USD
Retail - FOR SALE
1/5
null | 5.5% Cap Rate

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


OVERVIEW

MSC is proud to exclusively present a brand new 10,000 square foot, 3-tenant state-of-the-art net lease retail center opportunity in the heart of the King of Prussia (KOP) Pennsylvania. This offering currently features new leases with two publicly traded national tenants, CAVA (NYSE:CAVA) and First Watch (NASDAQ:FRWG), both with over 300 locations nationwide. MSC has been involved in the leasing of this project since its inception and has meticulously handpicked these two tenants from a large pool of interested parties. MSC received over 10 exclusive LOIs for two available spaces. Currently, MSC is in the process of carefully selecting the final tenant to best synergize the uses and maximize the benefit to the overall project. Additionally, directly adjacent to the retail center are two new multi-story developments that were just completed. Both Residence Inn, a 136 room residence and Hotel Prussia, a 68 room residence will be featured on site. Located in KOP, one of the most renowned and desirable retail markets in the country, the property benefits from over 9 million square feet of retail space within a 3-mile radius, including the King of Prussia Mall, one of the nation’s most prominent malls. Within this radius, there are 67,438 residents with an affluent average household income of $173,705. The King of Prussia Mall features 450 stores, attracts 22 million annual visitors, and offers 2.9 million square feet of retail space. Additionally, there are 28,000 housing units and 3,000 hotel rooms within a 3-mile radius of the site. King of Prussia, attracts 25 million annual shoppers, generating $11.3 billion in consumer spending. The property, located along Route 202 (63,449 VPD) and Gulph Road (25,852 VPD) in King of Prussia, benefits from significant traffic exposure and is just 25 minutes from Center City Philadelphia. This strategic location ensures its appeal and long-term value in one of the most desirable and high barriers to entry markets in the country. This property offers an

FOR SALE DETAILS

PRICE

$13,290,000 USD

PRICE/SF

$1,329 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

King of Prussia Retail Strip

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C1

APN/PARCEL ID

58-00-17473-505

ASK ABOUT THIS PROPERTY

215-568-2600

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215-568-2600

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