Walgreens and TD Bank

840 E. Baltimore Pike, Kennett Square, PA
Deal Type:
Multi-Tenant
Price:
$11,555,936
Cap Rate:
5.12%
Current Rent:
$591,500
Lease Type:
Triple Net
Site Size:
6.7 Acres

Investment Highlights

  • Investment-grade tenants; corporate guarantees with nationally recognized companies
  • Situated on a signalized hard corner with direct frontage on E. Baltimore Pike Rd.
  • TD Bank lease features two 10% rental increases in the remaining lease term providing a hedge against inflation
  • Walgreens lease is absolute NNN – Zero landlord responsibilities
  • Properties have double drive-thrus and tenants are essential businesses
  • Located on heavily traveled E. Baltimore Pike Rd. (+/- 37,000 VPD)
  • In an affluent suburb of Philadelphia; household incomes exceed $166,000 within a 1-mile
  • Two hospitals within a 10-mile radius with over 900 beds
  • Nearby National Retailers include: Walmart Supercenter, TJ Maxx, CVS, Ross Dress For Less, Starbucks, Wendy’s, PNC Bank, KeyBank, Wawa, Bank of America, Dollar Tree, Applebee’s, AT&T, Verizon, Jos A. Bank GNC, Dunkin’ Donuts and Famous Footwear

Listing Agents

Sasha Dominguez

Vice President
786 443 4960
Sasha@stream-cp.com

Philip DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Mike Antonoplos, Lic. #PA-RB 063105

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