Lifestyle Center Shadow Anchored by Whole Foods
$17,391,304
500 West Germantown Pike, Plymouth Meeting, PA 19462
For Sale
Retail
Active
Last Updated: 03/24/2025
5.75
Cap Rate
1,000,000
NOI
Details:
Cap Rate: 5.75%
NOI: $1,000,000
Highlights:
- Contact broker for pricing details!
- Completely 'hands off' investment
- Fully renovated in 2019
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.
Documents:
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| Offering Memorandum |
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Location
Gallery
