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909 E Willow Grove Avenue

GLENSIDE, PA 19038
  • $4,539,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: PAMC2047362
UPDATED: 81 min ago
$4,539,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:

School Ratings & Info

School District:

Description

MSC Retail is proud to present 909 Willow Grove Ave, a 9,051 square foot, 100% occupied retail condominium strip center located inWyndmoor, Montgomery County, Pennsylvania. The offering is a part of an approximately 27,000 square foot mixed use developmentconstructed in 2019 that is comprised of 10 residential condominiums (not a part of the offering) above six ground floor retail units. Each retailunit is on a net lease, individually parceled, sub-metered and managed by the condominium association, effectively making this offering apassive, 6-unit net lease portfolio with minimal management responsibility.The tenant mix of 909 Willow Grove Ave is an optimal mix of internet proof food, fitness and service uses. The leases were all signed withinthe last three years, with a total weighted average lease term of 7 years remaining. All the leases include rental increases on an annual orbiannual basis, providing inflation resistant compound annual net operating income growth.Wyndmoor is an optimally positioned suburb of Philadelphia that is located approximately half a mile from the Philadelphia County Line. Thislocation benefits from incredible population density, boasting 167,169 residents with average household incomes of $94,334 within threemiles of the center. This captive customer base benefits from the close proximity to Philadelphia while enjoying a top 20% school district andavoiding burdensome Philadelphia taxes, which has driven incredible residential demand. On a micro level, residential condo units at 909Willow Grove that have sold in 2022 have seen a nearly 30% appreciation in value. The strength and insulated nature of this submarket willensure that 909 Willow Grove Ave will remain in high demand and continuously appreciated.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-07T19:58:45.713.
www.locomusings.com/homes/131296002
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909 E Willow Grove Avenue GLENSIDE, PA 19038

  • Price: $4,539,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 81 min ago
  • ID#: PAMC2047362
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2019
Built
Neighborhood:
Springfield Twp (10652)
County:
Montgomery
Area:
Springfield Twp (10652)
School District:
Springfield
Property Description
MSC Retail is proud to present 909 Willow Grove Ave, a 9,051 square foot, 100% occupied retail condominium strip center located inWyndmoor, Montgomery County, Pennsylvania. The offering is a part of an approximately 27,000 square foot mixed use developmentconstructed in 2019 that is comprised of 10 residential condominiums (not a part of the offering) above six ground floor retail units. Each retailunit is on a net lease, individually parceled, sub-metered and managed by the condominium association, effectively making this offering apassive, 6-unit net lease portfolio with minimal management responsibility.The tenant mix of 909 Willow Grove Ave is an optimal mix of internet proof food, fitness and service uses. The leases were all signed withinthe last three years, with a total weighted average lease term of 7 years remaining. All the leases include rental increases on an annual orbiannual basis, providing inflation resistant compound annual net operating income growth.Wyndmoor is an optimally positioned suburb of Philadelphia that is located approximately half a mile from the Philadelphia County Line. Thislocation benefits from incredible population density, boasting 167,169 residents with average household incomes of $94,334 within threemiles of the center. This captive customer base benefits from the close proximity to Philadelphia while enjoying a top 20% school district andavoiding burdensome Philadelphia taxes, which has driven incredible residential demand. On a micro level, residential condo units at 909Willow Grove that have sold in 2022 have seen a nearly 30% appreciation in value. The strength and insulated nature of this submarket willensure that 909 Willow Grove Ave will remain in high demand and continuously appreciated.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/C Heating Baseboard - Electric Heating YN Yes Net Square Feet 9038.00

Property Features

Acceptable Financing CashExchangePrivateConventional Accessibility Features 32"+ Wide Doors Assessment Year 2022 Business Type Shopping Center Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality Springfield Twp Navigable Water YN N New Construction YN Yes Number Of Units Total 6 Original MLSNumber 801765780416 Ownership Interest Condominium Possession Settlement Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Tax Lot 88 Vacation Rental YN No Water Source Public Zoning B-1 Business

Listing courtesy of Msc Retail, Inc..


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-07T19:58:45.713.
 
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