494 Nutt Rd Phoenixville, PA 19460-3354
Property profile & analytics
494 Nutt Rd Phoenixville, PA 19460-3354
- Commercial real estate
- 13,038 SF
- 1.06 lot acres
Property ID
US73-5417223
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- Douglas M. Syrylo, RPH / Pharmacy
- Carolyn C. Cucinotta, RPH / Pharmacy
Property Details for 494 Nutt Rd
- Year built
- 2009
- Lot size
- 1.06 lot acres
- Property size
- 13,038 SF
- Zone code
- LC
- Property type
- Commercial real estate
- APN
- 1512 02420000
- APU
- 151202420000
Description
This exceptional investment opportunity presents a 15,000 square foot Walgreens located in Phoenixville, Pennsylvania, within the Philadelphia MSA. The property, built in 2008, features a mostly-brick construction with high-quality exterior crown molding, offering superior curb appeal and durability compared to typical Walgreens prototypes. Boasting a prominent corner lot location at the intersection of Bridge St. and Nutt Rd., the property benefits from excellent visibility to over 35,000 vehicles daily. The absolute NNN lease with Walgreens, a Fortune 500 company with an S&P credit rating of BBB-, provides significant financial stability, with a remaining lease term of approximately 8.8 years (expiring August 31, 2033). The property's strong performance is reflected in a 7.50% cap rate and a net operating income (NOI) of $498,000, with an asking price of $6,640,000 ($442.67/sq ft). The strategic location near Phoenixville Hospital, two assisted living facilities, and significant upcoming residential developments (Odessa Housing Development and Steelworks Project) ensures continued high demand and strong future growth potential. The property's drive-thru lane further enhances its appeal and profitability in the current market. The affluent community, with an average household income exceeding $136,000 within a 5-mile radius, provides a robust customer base for this essential retail location. This is a rare opportunity to acquire a high-quality, investment-grade net-leased property in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,925,000
- ML approach
- $9,505,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenixville
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.5272
- Latitude
- 40.1285
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$121,450
$207,870
$2,438,130
$2,646,000
-
$207,870
$2,461,900
$2,669,770
