100% Leased | 20,731 SF PA Fine Wine & Good Spirits Anchored Strip Center

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a Pennsylvania Fine Wine & Good Spirits anchored 20,731 SF strip center, (the “Property”) in Flourtown, PA a charming suburb located in Montgomery County, just 10 miles northwest of Philadelphia and part of the Philadelphia MSA. Pennsylvania Fine Wine & Good Spirits, which leases 58% of the building and represents 66% of the rent, has been the anchor Tenant since the strip was built in 2004, demonstrating their commitment to the property. Walgreens’ Mid-Atlantic area office is on the second floor of the shopping center, and they have been there since the building was built. Additionally, Queen Chinese Restaurant has been a Tenant for over 15 years, since they opened in 2009 and just signed a 5-year lease renewal extending their term to 2030. The investment-grade credit Pennsylvania Fine Wine & Good Spirits’ lease and amendments are signed by the Commonwealth of Pennsylvania, which Moody’s just upgraded in October of 2024 from Aa3 to Aa2, citing the Commonwealth’s sound fiscal management, balanced budgets and steady economic growth. This Wine and Spirits location ranks in the top 97% of all Wine and Spirits location, 16th in the State of Pennsylvania out of 591, totaling $14,769,000 in sales, which equates to a minuscular rent to sales ratio of 2.6%, demonstrating the strength of the location and the potential future rental upside. The strip center sits along Bethlehem Pike, the main thoroughfare which is home to 20,700 vehicles per day. The 1-mile area surrounding the property boast excellent, affluent populations as the average household income within 1-mile is $170,000 and within 3-miles it is $150,000. The Philadelphia MSA is the 8th most populated metro area in the United States, home to over 6,241,000 residents as well as some of the nation’s top universities and numerous Fortune 500 companies.