677 W DeKalb Pike - Storefront FOR SALE


King Of Prussia, PA 19406
$5,980,000 USD
610-727-3962
677 W DeKalb Pike, King Of Prussia, PA for Sale
$5,980,000 USD
Storefront - FOR SALE
1/9
null | 5.5% Cap Rate

677 W DeKalb Pike
King Of Prussia, PA 19406


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled 10% Rental Increases | 2024 Construction - Relocation Site
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • High Barriers to Entry | Adjacent Pads Traded for $11M+ |Excellent Visibility and 3 Points of Ingress/Egress
  • Adjacent to King of Prussia Mall (25M Annual Visitors) |Strong National/Credit Tenants | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | Centralized Location | Within Close Proximity from Multiple Apartment Complexes
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, AT&T investment property located in King of Prussia, Pennsylvania (Philadelphia MSA). The tenant recently signed a brand new 10-year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities making it an ideal, low-management investment for a passive investor. AT&T helps more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses.

FOR SALE DETAILS

PRICE

$5,980,000 USD

PRICE/SF

$2,300 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T | New 10yr NNN | 2024 Construction

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CL

APN/PARCEL ID

58-00-06382-01-3

ASK ABOUT THIS PROPERTY

David WirthSRS Real Estate PartnersMore Info
610-727-3962

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David WirthSRS Real Estate PartnersMore Info
610-727-3962

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