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Retail

King of Prussia Center

King of Prussia, PA

117,563 SqFt

Built in 1995

Core Plus

Investment Highlights

  • Anchored by Aldi, the largest discount grocer in the United States with approximately 2,000 stores and has revenues in excess of $20 billion, with a newly renovated and expanded store
  • Co-Anchored by Walgreens (S&P rated BBB) on a long-term ground lease with estimated sales in excess of $800 psf. This is the only free-standing drug store with a drive-thru serving King of Prussia
  • New 15-Year Lease with AAA Car Care Center out of 11,500 square feet, providing auto, travel, and insurance services within 13 states and 85 locations and growing
  • Within the current zoning, multi- family is permitted by right under the zoning, providing for an opportunity to re-adapt the site to mixed-use, a proven prominence of success as seen in the newly built King of Prussia Town Center
  • King of Prussia is one of the largest employment submarkets outside of Philadelphia, with over 15 million square feet of office space given the regional network of major interstates that run through Southeastern Pennsylvania

Exclusively listed by

  • Brad Nathanson

    Senior Managing Director Investments

    Philadelphia, PA

    bnathanson@ipausa.com

    Philadelphia, PA

    License(s): PA: RS278775, NJ: 0674866

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