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The Vitamin Shoppe 1817 Old York Rd 3,705 SF Retail Building Abington Township, PA 19001 $2,408,485 CAD ($650.06 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Situated along Old York Road (Route 611), one of Montgomery County’s primary commercial corridors with daily traffic counts reaching 31,492 VPD
- The subject property lease is corporately guaranteed by Vitamin Shoppe Industries LLC and features 2% annual rental increases
- Philadelphia MSA infill location and close proximity to major medical destinations
- Vitamin Shoppe has successfully occupied this location for 25-years with several lease renewals, including their most recent 5yr extension
- NNN lease structure, with the tenant responsible for taxes, insurance, and CAM as well as repair/replacement of HVAC, sidewalks, and parking lot
- Strong real estate fundamentals - the property benefits from immediate adjacency to a cluster of health and fitness-oriented users along Old York Road
Executive Summary
CBRE IS PLEASED TO EXCLUSIVELY PRESENT The Vitamin Shoppe, a proven, long term health and wellness retailer positioned along one of Montgomery County’s most dominant commercial corridors. The tenant has successfully operated at this location for 25 years and recently executed a 5 year lease extension, reaffirming their commitment to this high performing Philadelphia MSA site. Backed by a corporate guarantee from Vitamin Shoppe Industries LLC, the asset provides investors secure, predictable income supported by a nationally recognized operator in the $50B+ health and wellness sector.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,705 SF
Building Class
C
Year Built
1960
Price
$2,408,485 CAD
Price Per SF
$650.06 CAD
Cap Rate
6.25%
NOI
$150,544 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.52 AC
Zoning
F1 - In Abington Township, Pennsylvania, F1 zoning designates areas for "Flexible Residential District"
Parking
14 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Depuis 1977, The Vitamin Shoppe® se consacre à aider un client à devenir le meilleur de lui-même, quelle que soit la définition qu'il définit. Ils ont des vitamines, naturellement, mais ils sont bien plus ! À VitaminShoppe.com, leur application, et dans plus de 700 magasins à travers le pays, ils trouveront un vaste assortiment de suppléments de haute qualité et de pointe, de protéines, de soutien du poids santé, d'aromathérapie, d'herbes, de superaliments, de produits de beauté naturels et plus encore.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-00-50048-007 | Improvements Assessment | $85,008 CAD |
| Land Assessment | $296,560 CAD | Total Assessment | $381,568 CAD |
Property Taxes
Parcel Number
30-00-50048-007
Land Assessment
$296,560 CAD
Improvements Assessment
$85,008 CAD
Total Assessment
$381,568 CAD
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The Vitamin Shoppe | 1817 Old York Rd
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