Other Retail
Costco
Other Retail Offerings
Costco
740 Upper State Road
North Wales, PA, 19454
- Price:
- $17,950,000
- Cap Rate:
- 4.50%
- NOI:
- $807,750
- Rentable SQFT:
- 136,904
- Year Built:
- 1999
- Lot Size:
- 9.44 Acres
- Lease Type:
- NNN
- Type of Ownership:
- Ground Lease
- Status:
- Available
Investment Highlights
- Investment Grade Corporate Lease – Costco Wholesale Club (S&P rated A+) and $115.64 Billion in Sales
- Long Term Security – Original 30-Year NNN Ground Lease with 13+ Years Remaining with the Next Rent Increase in 2019
- Passive Investment – Zero Landlord Responsibilities
- Rental Increases – Structured 4% Every 5 Years
- Ideally Located – The property is located in the Heart of North Wales Retail Corridor and is the Anchor of the Handcock Shopping Center
- Strong Demographics – 145,653 + Population within a 5-Mile Radius
- New Financing Available – Offered Free & Clear of Existing Debt
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