1817 Old York Rd, Willow Grove, PA 19001

PROMINENT RETAIL POSITION ALONG YORK ROAD
The Vitamin Shoppe is situated along Old York Road (Route 611), one of Montgomery County’s primary commercial corridors with daily traffic counts reaching 31,492 VPD, and offers direct access to other key regional thoroughfares such as Easton Road (41,223 VPD) and East Moreland Road (26,886 VPD). This high-visibility 0.52-acre parcel benefits from strong drive-by exposure and convenient access to surrounding national retailers including Target, TJ Maxx, Aldi, Marshalls, Five Below, Michael’s, McDonald’s, Chipotle, Sherwin Williams, Burger King, Monro Tire, First Watch, Popeye’s, Mavis Tire, Firestone, and Dunkin to name a few. Additionally, the subject property is positioned less than 0.5 miles from the Willow Grove Park Mall with over 130 top brands including Apple, Bloomingdale's, Primark, American Eagle, H&M, Express, Hollister, LOFT, Nordstrom Rack, Pandora, Macy's, Lush, Sephora, Bath & Body Works, and many more.

LONG-TERM TENANCY – RECENT 5-YR LEASE EXTENSION
Vitamin Shoppe, an established national brand, and leading specialty retailer in the $50B+ health and wellness industry since 1977 has continuously and successfully occupied this location for 25-years with several lease renewals, including their most recent 5yr extension, demonstrating their recommitment to the subject property.

CORP. GUARANTEE & COMPOUNDING YIELD GROWTH

The subject property lease is corporately guaranteed by Vitamin Shoppe Industries LLC, ensuring long term stability as well as compounding yield growth created by rare 2% annual rental increases and 10% rental increases in each of the 2 x 5-yr options remaining.

PASSIVE, LOW MAINTENANCE OWNERSHIP
The asset is operated under a NNN lease structure, with the tenant responsible for taxes, insurance, and CAM as well as repair and replacement of HVAC system, sidewalks, and parking lot areas. The landlord is only responsible for CAPEX replacement of the roof and structural components, providing highly passive ownership structure with limited capital expenditure exposure.

PHILADELPHIA MSA INFILL LOCATION
Located in Abington Township within the Philadelphia metropolitan area, the property sits in a dense, supply-constrained infill trade area along Rte. 611 and is situated just 2 miles from I-276 (PA Turnpike) and Rte. 611 interchange. Abington has an excellent demographic profile with over 269,000 people within a 5-mile radius with projected population growth and avg. HHI’s that exceed $135K within the 1, 3, and 5-mile radius. Vitamin Shoppe aligns well with the demographics and available discretionary income focused on health and wellness.

PROXIMITY TO MAJOR MEDICAL DESTINATIONS
The property is less than one mile from Jefferson Abington Hospital, one of the region’s largest and most active community teaching hospitals, as well as Holy Redeemer Hospital and a deep cluster of physician offices, diagnostics centers, and outpatient clinics along York Road and Old York Road. This concentration of healthcare providers creates a stable and consistent consumer base aligned with Vitamin Shoppe’s health and wellness retail model.

STRONG REAL ESTATE FUNDAMENTALS
Fungible rectangular box layout with updated façade/paint offers curb appeal and could easily be utilized by another tenant in the future at minimal cost vs. building new if necessary. Additionally, The property benefits from immediate adjacency to a cluster of health and fitness-oriented users along Old York Road, including LA Fitness, Abington YMCA, Planet Fitness, and Orangetheory Fitness.