Property profile

180 Gulph Rd King Of Prussia, PA 19406

OFF-MARKET
Retail properties & Spaces
Property ID
US73-2959895
120,374 SF 2.04 ac lot Built 1995
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 120,000-square-foot, free-standing retail building in King of Prussia, Pennsylvania, currently undergoing a 2024-2025 buildout. The property, situated on a 2.04-acre lot at 180 N Gulph Rd, 19406, is ideally located within the King of Prussia Mall, the largest mall in the United States by rentable square footage, boasting over 450 stores and attracting over 22 million annual visitors. This "Netflix House" concept, the first of its kind, will serve as a unique experiential entertainment venue, offering retail, dining, and immersive experiences inspired by popular Netflix shows. The property benefits from a brand-new, 10-year net lease with Netflix, Inc., a credit-rated tenant with a corporate guarantee, commencing December 31, 2024. The lease includes attractive 2.5% annual rent increases and three 5-year renewal options. The building, originally constructed in 1995, enjoys excellent access and connectivity, situated near major roadways including US-202, Interstate 76, Route 422, Interstate 276, and Interstate 476, providing unparalleled visibility and accessibility. This investment offers a compelling combination of a strong tenant, a prime location, and significant growth potential within a thriving retail environment. The property's strategic positioning as a new anchor tenant within the King of Prussia Mall ensures high foot traffic and exposure to a vast consumer base. This is a rare opportunity to acquire a unique and high-performing asset in one of the nation's most successful retail markets.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1995
Total area 120,374 SF
Lot 2.04 ac (88,862 SF)
Zoning code SC
APN 58-00-13212-00-5
UPID US73-2959895

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store Fashion Accessories Store

Location

180 Gulph Rd King Of Prussia, PA 19406-2932
King Of Prussia metro Census 980300 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.11M
Blend (final) Blend
$15.22M

Owner & transaction history

since 2015
6 recorded transactions
2015
Price N/A
2013
Price N/A
2011
Price N/A
2009
Price N/A
2006
Price N/A
1969
Price N/A

Zoning & alternative use

SC · King Of Prussia, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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