217 Church RdKing of Prussia, PA 19406

This exceptional investment opportunity presents a 16,015 square foot, Class A, single-tenant retail property in King of Prussia, Pennsylvania. The property houses a Playtime Pet Resort operating under a Net Lease (NNN) agreement with 13.5 years remaining until May 31, 2038. The lease features annual rent increases of $8,000, escalating to 3% annually from June 2033. A recent 10-year lease extension demonstrates the tenant's commitment and strong performance. The property boasts a new 20-year roof (installed August 2022) and ample parking (232 spaces). The tenant recently completed extensive interior renovations. The location benefits from exceptional regional accessibility via major highways (I-76, Routes 202 & 422, Pennsylvania Turnpike, I-476) and is situated in a high-income, densely populated area of Montgomery County, one of Pennsylvania's wealthiest counties. The tenant, Pet Resort Hospitality Group, was recently acquired by Trivest, a major private equity firm managing over $5.5 billion in assets, further solidifying the investment's strength. The property's strong performance is also evidenced by a 4.8 Google rating (approximately 600 reviews). The asking price is $4,300,000, representing a 6.81% cap rate and a price per square foot of $268.50. Built in 1968 and renovated in 2024, this property offers a secure, high-yield investment with significant long-term potential. The 4.79-acre lot provides ample space and future development possibilities. The property's location within King of Prussia's affluent market ensures consistent demand and strong rental income.