Lifestyle Center Shadow Anchored by Whole Foods

500 West Germantown Pike, Plymouth Meeting, PA

For Sale

Retail

Market Price

Price

Overview

Offered by

Description

Equity Retail Brokers is pleased to offer the opportunity to acquire the fee simple lessor position for a Whole Foods shadow anchored lifestyle retail building at the entrance to the Plymouth Meeting Mall. The tenant, Pennsylvania Real Estate Investment Trust, has a 30-year NNN bond lease on the site (with options extending the term until 2100), which commenced in 2020. The building is approximately 214,638 square feet and is occupied by: Dick’s Sporting Goods, Burlington Coat Factory, Michael’s, Edge Fitness, Miller’s Ale House, Ideal Image, and Real Fruit. This investment is secured by the significant rental coverage multiple of the sub-tenants.