78 Wells Rd, Spring City, PA 19475

Property Details for 78 Wells Rd

Year built

1969

Lot size

2.90 lot acres

Property type

Warehouses

Property subtype

Retail properties & Spaces

Description

This exceptional investment opportunity presents a fee-simple ownership of a 25,000 square foot flex space currently occupied by Longstreth Sporting Goods, the nation's leading field hockey equipment supplier. Located at 78 Wells Rd, Spring City, PA 19475, this single-story building sits on a 2.9-acre lot and boasts a 24-foot ceiling height. The property features a unique blend of retail (5,000 sq ft), warehouse (16,000 sq ft), and office space (4,000 sq ft), perfectly suited to its current tenant. Built in 1969 and renovated in 2000, the property includes recently upgraded LED lighting and HVAC systems in the office area. The property benefits from a 20-year net lease (NN) with a corporate guarantee, providing financial stability and security. The lease commenced February 29, 2012, and expires February 28, 2032, with approximately 7.3 years remaining. The asking price is $1,760,000, representing a $70.40 per square foot price and a 7.50% cap rate, with a current NOI of $132,000. The property is zoned HI (Heavy Industrial) and enjoys a prime location near major transportation routes and a significant workforce population. The tenant's strong market position, coupled with the property's strategic location adjacent to a premier field hockey training facility, ensures continued high occupancy and strong rental income. Detailed rent bump information is available in the offering memorandum.

Location Insight

City

Spring City

County

Chester

State

Pennsylvania

Longitude

-75.5872

Latitude

40.2035