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2803 W Ridge Pike
Norristown, PA 19403

$5,400,000 USD

Drugstore For Sale  •  14,490 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,490 SF
  • Lot Size 0.56 AC
  • Building Class B
  • Year Built 2004
  • Tenancy Single
  • Zoning GC
30 Transit Score
50 Walk Score

Highlights

Recently Extended Lease: Walgreens has been at this location since 2005, and its lease expires in 2037, with nine 5-year renewal options.
Strong Corporate Guaranty: The lease is guaranteed by Walgreens, which is rated BB- by Standard and Poor’s.
This Walgreens location ranks in the 74th percentile in visits in Pennsylvania & 63rd percentile nationally, with over 323K visits in the past 12 mo.
Strategic Location: Walgreens is prominently located on the corner of Ridge Pk and N Park Ave, a high-traffic intersection which sees over 33,000 VPD

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Main Street (Norristown) (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 8 min - 3.6 mi
Elm Street (Norristown) (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 9 min - 3.8 mi
AirportDriveWalkDistance
Philadelphia International 51 min - 32.3 mi
Trenton Mercer 63 min - 43.0 mi
Lehigh Valley International 65 min - 46.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Kenneth Yanni 610-645-7700 Equity CRE
Kenneth Yanni 610-645-7700 Equity CRE