217 Church Rd King of Prussia, PA 19406
High-return NNN lease, strong tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- 16,015 SF Playtime Pet Resort in King of Prussia, PA, under a long-term NNN lease expiring May 2038.
- NNN lease with annual rent increases of $8,000, adjusting to 3% annually starting June 2033.
- Tenant recently extended lease for 10 years without concessions.
- New 20-year TPO roof installed August 2022.
- Tenant acquired by Trivest, a major private equity firm managing over $5.5 billion in assets.
- Strong tenant performance evidenced by lease extension, extensive tenant-funded renovations, and a 4.8 Google rating (approx. 600 reviews).
Property Details for 217 Church Rd
- Property type
- Retail properties
- Square Feet
- 16,015 SF
- Class
- A
- Year Built/Renovated
- 1968/2024
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 208,652 SF
Location Insight
- City
- King of Prussia
- County
- Montgomery
- State
- Pennsylvania
- Latitude
- 40.084758500919
- Longitude
- -75.360980702303
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return NNN lease, strong tenant
- Where is the retail property located?
- The property is located at 217 Church Rd King of Prussia, PA.
- What is the asking price?
- The asking price for this property is $4,300,000.
- What are key features of this property?
- This property features: 16,015 SF Playtime Pet Resort in King of Prussia, PA, under a long-term NNN lease expiring May 2038.; NNN lease with annual rent increases of $8,000, adjusting to 3% annually starting June 2033.; Tenant recently extended lease for 10 years without concessions.
- How can I contact the broker?
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