217 Church Rd King of Prussia, PA 19406

Property Details for 217 Church Rd

Year built

1968

Lot size

4.79 lot acres

Property size

16,015 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a 16,015 square foot, Class A, single-tenant retail property in King of Prussia, Pennsylvania. The property houses a Playtime Pet Resort operating under a Net Lease (NNN) agreement with 13.5 years remaining until May 31, 2038. The lease features annual rent increases of $8,000, escalating to 3% annually from June 2033. A recent 10-year lease extension demonstrates the tenant's commitment and strong performance. The property boasts a new 20-year roof (installed August 2022) and ample parking (232 spaces). The tenant recently completed extensive interior renovations. The location benefits from exceptional regional accessibility via major highways (I-76, Routes 202 & 422, Pennsylvania Turnpike, I-476) and is situated in a high-income, densely populated area of Montgomery County, one of Pennsylvania's wealthiest counties. The tenant, Pet Resort Hospitality Group, was recently acquired by Trivest, a major private equity firm managing over $5.5 billion in assets, further solidifying the investment's strength. The property's strong performance is also evidenced by a 4.8 Google rating (approximately 600 reviews). The asking price is $4,300,000, representing a 6.81% cap rate and a price per square foot of $268.50. Built in 1968 and renovated in 2024, this property offers a secure, high-yield investment with significant long-term potential. The 4.79-acre lot provides ample space and future development possibilities. The property's location within King of Prussia's affluent market ensures consistent demand and strong rental income.

Location Insight

City

King of Prussia

County

Montgomery

State

Pennsylvania

Longitude

-75.361

Latitude

40.0848