Walgreens NNN Property For Sale — Norristown, PA
2803 Ridge Pike, Norristown, PA 19403
This exceptional Walgreens property offers an attractive investment opportunity with a recently extended NNN lease valid through July 2037, featuring nine 5-year renewal options. The lease is further strengthened by a corporate guaranty from Walgreens, a leading national retailer with a strong credit rating of BB- by Standard & Poor’s and over 8,000 locations across the United States, providing investors with reliable income and long-term security. Strategically positioned just 18 miles from Center City Philadelphia, the property benefits from a prime signalized corner location at Ridge Pike and N Park Ave, boasting high visibility to approximately 33,000 vehicles daily. It is situated within a vibrant retail corridor, surrounded by prominent national tenants including Starbucks, Acme Mar…
- Address: 2803 Ridge Pike, Norristown, PA 19403
- Asking price $5.40M
- 7.51% cap rate
- NOI $405,720
- 10.9 years remaining
- NNN lease
- Building size: 14,490 SF
- Lease expiration: Jul 31, 2037
- Guarantor: Corporate
Location
This Walgreens property is at 2803 Ridge Pike in Norristown, Pennsylvania.
Asset type: Retail