List Search

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
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Wheelchair Accessible

Public Transportation

Commuter RailDriveWalkDistance
Main Street (Manayunk/Norristown Line - SEPTA) 8 min - 3.4 mi
Norristown - Elm Street (Manayunk/Norristown Line - SEPTA) 9 min - 3.8 mi
AirportDriveWalkDistance
Philadelphia International 51 min - 32.3 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