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217 W Church Rd
King Of Prussia, PA 19406

$4,300,000 USD

Freestanding For Sale  •  16,015 SF

Property Details

• Property Type Freestanding
• Total Building Size 16,015 SF
• Lot Size 4.79 AC
• Building Class A
• Year Built 1962
• Cap Rate 6.81 %
• Tenancy Single
• Zoning LI

39 Transit Score

35 Walk Score

Highlights

Playtime Pets operates under a long-term NNN lease through May 2038 with annual rental increases of $8,000

Playtime has strong financials, completed tenant-funded renovations, and carries an impressive Google rating of 4.8 out of 5 from ~600 reviews

In August 2022, ownership replaced the roof with a new TPO system, warrantied for 20 years

The property offers excellent accessibility to major interstates and highways providing convenient connectivity within King of Prussia + the region

This investment opportunity can be coupled with 215 W Church Road, a fully leased, multi-tenanted office building, creating a diversified portfolio

Playtime received a recent 8-figure investment from Trivest, a leading private equity firm specializing in founder-owned businesses

Cap Rate:

6.81 %

Amenities

• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norristown Transportation Center (R6 Line) (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	7 min	-	2.7 mi
Main Street (Norristown) (R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	6 min	-	2.8 mi
Transit/Subway	Drive	Walk	Distance
Hughes Park (Route 100 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Philadelphia International	40 min	-	25.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	60
Type:	Surface
Included in Rent:	Yes