101 Orvis Way, West Chester, PA 19382

11,191 SF | 4-Star Retail Building | West Chester, PA 19382 | $4,394,000 ($393/SF) | 6.75% Cap Rate

Asking Price $4,394,000

Property Type
Retail
Square Feet
11,191 SF
Price / Square Foot
$393

Listing Contacts

Matthew Gorman
Matthew Gorman
Michael Shover
Michael Shover
  • Property Info

Property Overview

*Real Estate for sale only.
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 11,191 SF site situated on 3.29 acres located on Wilmington Pike in West Chester,
Pennsylvania. This property offers a passive ownership opportunity with Ducklings operating on a NNN lease, minimizing landlord responsibilities as the tenant reimburses for taxes, insurance, and operating costs. The lease includes scheduled rental increases, ensuring potential for enhanced returns over time. This brand new construction property requires no deferred maintenance and is privately guaranteed by the founder of Ducklings Early Learning Centers, a respected name in the West Chester area for early childhood education.

Property Details

Class
A
Year Built
2020
Stories
1
Property Subtype
Day Care Facility/Nursery, Freestanding
Lot Size (sq. ft)
143,312 SF

Highlights

  • Corporate guarantee via the corporate entity signature as well as a personal guarantee by the founder of Ducklings Early Learning Centers
  • NNN with the tenant administering and paying for all the common area maintenance, real estate taxes and landlord insurance
  • Newly built (2020) modern state-of-the-art facility which includes architectural enhancements, high-end fit and finishes
  • Roughly 11yrs. remaining on an original 15yr. NNN lease with 10% rental increases every five years and 2 x 5yr. options to extend
  • Highly visible from Wilmington Pike with over 59,000 VPD, has easy access from the signalized intersection of Wilmington Pike and Skiles Blvd
  • Chester County (suburban Phl) is the wealthiest county in Pennsylvania - average HHI’s ranging from $170K+ in 1-mile radius to $174K+ in 5-mile

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