Investment Offering
Warminster, PA - Tesla
700 York Rd | Warminster, PA 18974
$18,966,000
Price56,651
± SF Offering GLADescription
Tesla is strategically located near the signalized, hard corner intersection of York Road and State Highway 132 which serves over 64,000 vehicles per day. State Highway 132 is the primary retail thoroughfare serving the town of Warminster, featuring nearby national/credit tenants including Costco, Walmart Supercenter, Target, Lowe’s, BJ’s Wholesale, and Aldi. Furthermore, the asset will benefit from its position adjacent to Warminster Towne Center, a 320,000 SF power center with major retailers including Kohl’s, Ross, Petsmart, and Harbor Freight Tools. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Warminster is an affluent suburb of Philadelphia, with a dense, direct residential consumer base from which to draw. The location represents an ideal setting for Tesla Motors. The 5-mile subject trade area is supported by more than 166,000 residents and 98,000 employees with an average household income of $141,725.
Location
Tesla is strategically located near the signalized, hard corner intersection of York Road and State Highway 132 which serves over 64,000 vehicles per day. State Highway 132 is the primary retail thoroughfare serving the town of Warminster, featuring nearby national/credit tenants including Costco, Walmart Supercenter, Target, Lowe’s, BJ’s Wholesale, and Aldi. Furthermore, the asset will benefit from its position adjacent to Warminster Towne Center, a 320,000 SF power center with major retailers including Kohl’s, Ross, Petsmart, and Harbor Freight Tools. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Warminster is an affluent suburb of Philadelphia, with a dense, direct residential consumer base from which to draw. The location represents an ideal setting for Tesla Motors. The 5-mile subject trade area is supported by more than 166,000 residents and 98,000 employees with an average household income of $141,725.