CAVA/First Watch Strip | King of Prussia, PA | 129 Gulph rd
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CAVA/First Watch Strip | King of Prussia, PA 129 Gulph rd Local commercial 916 m² 100 % Loué À vendre King Of Prussia, PA 19406 10 968 873 € (11 974,44 €/m²) Taux de capitalisation 5,75 %
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Fully leased to four national fast-casual tenants
- Surrounded by 9M SF of retail within 3-mile radius
- Long-term NNN leases with stable cash flow
- Directly across from King of Prussia Mall
- Adjacent to two newly built hotel developments
- High-traffic location with 89K+ vehicles per day
RÉSUMÉ ANALYTIQUE
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this newly constructed, fully leased four-tenant retail strip center located at 129 South Gulph Road in King of Prussia, Pennsylvania. This 9,860-square-foot property sits on a 5.3-acre parcel within the Gulph Creek Promenade mixed-use development and features modern 2025 construction with NNN condo ownership. The center is fully leased to nationally recognized fast-casual tenants First Watch, CAVA, DIG, and Just Salad, offering investors a combination of corporate-backed credit and strong rental growth.
The property benefits from a prime King of Prussia location, directly across from the King of Prussia Mall and within one of the Philadelphia MSA’s most trafficked retail nodes, with daily vehicle counts exceeding 250,000 from South Gulph Road, W. Dekalb Pike, and I-76. The site is also adjacent to two new hotels, bringing additional demand from business and leisure travelers, and is surrounded by a dense retail ecosystem anchored by national brands, restaurants, and lifestyle tenants.
Leases are structured as NNN, with landlord responsibilities reimbursed by tenants, providing a predictable income stream with minimal management obligations. First Watch and CAVA operate under 10-year corporate NNN leases with rental increases of 10–15% in year 6 and at each renewal option, while DIG and Just Salad each have 10-year NNN leases with 3% annual escalations throughout the base term and option periods.
King of Prussia is one of the most coveted submarkets in Greater Philadelphia, with limited new retail development opportunities due to dense existing retail, high land costs, and strong demand. The scarcity of available space enhances long-term tenant retention and asset value, making this property a rare opportunity to acquire a new-construction, fully leased retail asset in a high-barrier market.
The property benefits from a prime King of Prussia location, directly across from the King of Prussia Mall and within one of the Philadelphia MSA’s most trafficked retail nodes, with daily vehicle counts exceeding 250,000 from South Gulph Road, W. Dekalb Pike, and I-76. The site is also adjacent to two new hotels, bringing additional demand from business and leisure travelers, and is surrounded by a dense retail ecosystem anchored by national brands, restaurants, and lifestyle tenants.
Leases are structured as NNN, with landlord responsibilities reimbursed by tenants, providing a predictable income stream with minimal management obligations. First Watch and CAVA operate under 10-year corporate NNN leases with rental increases of 10–15% in year 6 and at each renewal option, while DIG and Just Salad each have 10-year NNN leases with 3% annual escalations throughout the base term and option periods.
King of Prussia is one of the most coveted submarkets in Greater Philadelphia, with limited new retail development opportunities due to dense existing retail, high land costs, and strong demand. The scarcity of available space enhances long-term tenant retention and asset value, making this property a rare opportunity to acquire a new-construction, fully leased retail asset in a high-barrier market.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement triple net
Condition de vente
Construction sur mesure
Type de bien
Surface de l’immeuble
916 m²
Classe d’immeuble
B
Année de construction
2025
Prix
10 968 873 €
Prix par m²
11 974,44 €
Taux de capitalisation
5,75 %
RNE
630 676 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,04
Surface du lot
2,14 ha
Zonage
GC - Commercial
Stationnement
99 places (108,08 places par 1 000 m² loué)
CARACTÉRISTIQUES
- Terrain d’angle
- Restaurant
- Signalisation
- Panneau monumental
PRINCIPAUX OCCUPANTS
- OCCUPANT
- SECTEUR D’ACTIVITÉ
- m² OCCUPÉS
- LOYER/m²
- FIN DU BAIL
- CAVA
- Hébergement et restauration
- -
- -
- -
- First Watch
- Hébergement et restauration
- -
- -
- -
| OCCUPANT | SECTEUR D’ACTIVITÉ | m² OCCUPÉS | LOYER/m² | FIN DU BAIL | ||
| CAVA | Hébergement et restauration | - | - | - | ||
| First Watch | Hébergement et restauration | - | - | - |
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PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 58-00-17473-523 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 0 € | Évaluation totale | 227 101 € |
TAXES FONCIÈRES
Numéro de parcelle
58-00-17473-523
Évaluation du terrain
0 €
Évaluation des aménagements
0 €
Évaluation totale
227 101 €
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CAVA/First Watch Strip | King of Prussia, PA | 129 Gulph rd
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