Property Details

Walgreens Pharmacy & Citadel Federal Credit Union

Kennett Square, PA
Property ID: 11057

Financial Summary

Asking Price $10,000,000
Cap Rate 5.75%
Net Operating Income (NOI) $575,000
Lease Type Ground Lease, NNN

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Long term corporate credit deal
  • Located on Route 1 retail corridor with neighboring tenants including Walmart, T.J. Maxx, Giant and Wawa
  • 6+ acre parcel
  • Citadel Federal Credit Union is a TD Bank sublease with corporate guarantee
  • Kennett Square is an affluent Philadelphia suburb in the heart of Brandywine Valley
  • Rent increase due 12/1/2020

Location

840-848 E Baltimore Pike
Kennett Square, PA

Amanda WillisWalgreens Pharmacy & Citadel Federal Credit Union