489 South Gulph Road
Retail | 5.75% CAP
Marketing description
Binswanger is pleased to present a net-leased asset located in King of Prussia, Pennsylvania. The building is 100% leased to The Goddard School. The Goddard School is an early childhood education provider with more than 500 franchised schools in 37 states and hundreds of markets.
Immediate access to Interstate 76, Interstate 276 (Pennsylvania Turnpike), Interstate 476 (The Blue Route), US Route 202, and US Route 30.
The king of Prussia market continues to outperform in the Philadelphia region. This site is located on gulph road down the street from the king of Prussia mall (1.2 miles), Henderson square (1.5 miles), valley forge center (1.7 miles), and king of Prussia town center (2.3 miles). The king of Prussia and wayne retail submarket has 6.9m sf of inventory and a 3.2% vacancy rate. Traffic count is 11,448 vpd with visibility from i-76.
Investment highlights
- 7,660 sf building located on a 1.53 acre lot with an outdoor play area
- In 1985, the goddard school opened their 3rd franchise at this location
- Proven site with over 37 years of operating history
- Long-term successful tenant with a waiting list for enrollment
- 11 years of remaining term with 3% annual increases
- Nnn investment: the lease structure calls for very minimal landlord responsibilities
- Immediate access to interstate 76, interstate 276 (pennsylvania turnpike), interstate 476 (the blue route), us route 202, and us route 30.
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