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Playtime Pet Resort 217 W Church Rd

16,015 SF Retail Building King Of Prussia, PA 19406 $4,300,000 ($268/SF) 6.81% Cap Rate

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Investment Highlights

Playtime Pets operates under a long-term NNN lease through May 2038 with annual rental increases of $8,000
In August 2022, ownership replaced the roof with a new TPO system, warrantied for 20 years
This investment opportunity can be coupled with 215 W Church Road, a fully leased, multi-tenanted office building, creating a diversified portfolio

Playtime has strong financials, completed tenant-funded renovations, and carries an impressive Google rating of 4.8 out of 5 from ~600 reviews
The property offers excellent accessibility to major interstates and highways providing convenient connectivity within King of Prussia + the region
Playtime received a recent 8-figure investment from Trivest, a leading private equity firm specializing in founder-owned businesses

Executive Summary

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 16,015-square foot Playtime Pet Resort with a long-term lease. The Pet Resort, fully renovated in 2018, is a state-of-the-art facility designed with luxury pet care in mind, featuring meticulously crafted indoor and outdoor spaces. The tenant operates under a long-term NNN lease through May 2038, with annual rental increases of $8,000, and adjustments to 3% annually starting in June 2033.