2803 Ridge Pike

Equity CRE is pleased to exclusively present for sale a property leased to Walgreens in Norristown, Pennsylvania. This offering includes a recently extended NNN lease that expires in July 2037, with nine 5-year renewal options. The lease is backed by a corporate guaranty from Walgreens, rated BB- by Standard & Poor’s, with over 8,000 locations in the United States, ensuring stable lease payments and long term security for property owners.

Located just 18 miles from Center City Philadelphia, the property sits prominently on the signalized corner of Ridge Pike and N Park Ave, with exposure to around 33,000 vehicles per day. It is situated in a strong retail corridor, adjacent to tenants such as Starbucks, Acme Markets, Pep Boys, TD Bank, Lidl, among many others.