217 W Church Rd - Freestanding FOR SALE


King Of Prussia, PA 19406
$3,902,226 USD
215-603-6914
217 W Church Rd, King Of Prussia, PA for Sale
$3,902,226 USD
Freestanding - FOR SALE
1/7
null | 7.5% Cap Rate

217 W Church Rd
King Of Prussia, PA 19406


HIGHLIGHTS

  • Playtime Pets operates under a long-term NNN lease through May 2038 with annual rental increases of $8,000
  • Playtime has strong financials, completed tenant-funded renovations, and carries an impressive Google rating of 4.8 out of 5 from ~600 reviews
  • In August 2022, ownership replaced the roof with a new TPO system, warrantied for 20 years
  • The property offers excellent accessibility to major interstates and highways providing convenient connectivity within King of Prussia + the region
  • This investment opportunity can be coupled with 215 W Church Road, a fully leased, multi-tenanted office building, creating a diversified portfolio
  • Playtime received a recent 8-figure investment from Trivest, a leading private equity firm specializing in founder-owned businesses

OVERVIEW

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 16,015-square foot Playtime Pet Resort with a long-term lease. The Pet Resort, fully renovated in 2018, is a state-of-the-art facility designed with luxury pet care in mind, featuring meticulously crafted indoor and outdoor spaces. The tenant operates under a long-term NNN lease through May 2038, with annual rental increases of $8,000, and adjustments to 3% annually starting in June 2033.

FOR SALE DETAILS

PRICE

$3,902,226 USD

PRICE/SF

$244 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Playtime Pet Resort

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

4.79 AC

LAND SF

208,652 SF

ZONING

LI

APN/PARCEL ID

58-03355007

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 Policy.