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Broker

Michael Shover

CBRE: NLPG Philadelphia
Net Lease Property Group
Senior Vice President
  • 36Active Listing
  • 3Under Contract
  • 11Sold Transactions

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-lease portfolios nationwide. In 2020, Michael and his team were recognized by Globe St. as a Team of the Year in the net lease space which acknowledged their successful track record and best practices within the industry. Michael was also nominated by Real Estate Forum as a Top Investment Sales Broker for being among the top-producing brokers in the United States in 2017. At year-end 2016, Michael ranked in the top 20 producers in the Country for investment sales at CBRE, and top 10 among all producers in the Philadelphia Region. He also received a 2016 CoStar Power Broker Award as a Top Sales Broker in the Philadelphia market.

D (484) 567-2344
M (215) 806-0654
Visit Website
[email protected]
@Linkedin
Licensed in: PA
555 E Lancaster Ave, Suite 120 Radnor, PA 19087
Broker Bio Link

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Red Robin (GL)
3849 South Delsea Drive, Vineland, NJ , 08360
  • Size SF4,402
  • Built/Renov2015
  • Price/SF$461
  • Lease Start08-10-2015
  • Rent/SF$29.99
  • Lease Type Abs NNN
  • Lot/AC0.33
  • Pop 5MI74,677
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

2,030,769

  • Cap Rate 6.50%
  • NOI $132,000
  • R. Term/Yrs 6.3
  • Guarantor Corp Traded
  • # Units 506
View CONTACT

  • Signalized intersection

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Highway close

  • Top 100 MSA

  • Affluent suburb location

  • Absolute NNN

  • Corporate Guarantee

  • Publicly traded company

    • ...
  • Tenant Red Robin
  • Guarantor Corp Traded
  • #Units 506
  • Stock NASDAQ: RRGB
CVS Pharmacy
445 West Street Road, Warminster, PA , 18974
  • Size SF13,013
  • Built/Renov2010
  • Price/SF$634
  • Lease Start03-04-2011
  • Rent/SF$38.08
  • Lease Type Abs NNN
  • Lot/AC1.61
  • Pop 5MI173,208
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

8,250,000

  • Cap Rate 6.01%
  • NOI $495,496
  • R. Term/Yrs 12.8
  • Guarantor Corp R + T
  • # Units 9,395
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant CVS Pharmacy
  • Guarantor Corp T and Rated
  • #Units 9,395
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: CVS
Walgreens
1375 Forty Foot Road, Lansdale, PA , 19446
  • Size SF14,820
  • Built/Renov2009
  • Price/SF$506
  • Lease Start09-28-2009
  • Rent/SF$30.36
  • Lease Type Abs NNN
  • Lot/AC1.60
  • Pop 5MI134,289
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

7,500,000

  • Cap Rate 6.00%
  • NOI $450,000
  • R. Term/Yrs 10.4
  • Guarantor Corp R + T
  • # Units 13,532
View CONTACT

  • In location for years

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 13,532
  • Moody's/S&P Baa2/ BBB-
  • Stock NASDAQ: WBA
United States Postal Service
155 Ponce Deleon Blvd, De Leon Springs, FL , 32130
  • Size SF4,400
  • Built/Renov1988
  • Price/SF$391
  • Lease Start06-01-2023
  • Rent/SF$24.46
  • Lease Type NN+
  • Lot/AC2.67
  • Pop 5MI17,086
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,722,000

  • Cap Rate 6.25%
  • NOI $107,645
  • R. Term/Yrs 4.0
  • Guarantor Corp Rated
  • # Units 31,132
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Oversized lot

  • In location for years

  • Income tax free state

  • Long operation history

  • Favorable NN+ lease

  • Corporate Guarantee

  • Investment grade tenant

  • Credit rated company

    • ...
  • Tenant United States Postal Service
  • Guarantor Corp Rated
  • #Units 31,132
  • Moody's/S&P Aaa/ AA+
  • Stock Private
McDonald's (GL)
104 North Chestnut Street, Jefferson, OH , 44047
  • Size SF4,032
  • Built/Renov2014
  • Price/SF$347
  • Lease Start07-11-2014
  • Rent/SF$15.00
  • Lease Type Abs NNN
  • Lot/AC0.39
  • Pop 5MI8,367
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,400,000

  • Cap Rate 4.32%
  • NOI $60,500
  • R. Term/Yrs 10.1
  • Guarantor Corp R + T
  • # Units 40,275
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Absolute NNN

  • Long 10+ yr lease

  • Limited competition

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant McDonald's
  • Guarantor Corp T and Rated
  • #Units 40,275
  • Moody's/S&P Baa1/ BBB+
  • Stock NYSE: MCD
Jiffy Lube
20 Township Line Road, Havertown, PA , 19083
  • Size SF2,566
  • Built/Renov1985
  • Price/SF$551
  • Lease Start07-01-2004
  • Rent/SF$37.72
  • Lease Type Abs NNN
  • Lot/AC0.36
  • Pop 5MI583,783
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,413,000

  • Cap Rate 6.85%
  • NOI $96,800
  • R. Term/Yrs 10.1
  • Guarantor Franchisee
  • # Units 60
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Long 10+ yr lease

  • Accelerated depreciation

  • 50+ unit franchisee backed

    • ...
  • Tenant Jiffy Lube
  • Guarantor Franchisee
  • #Units 60
  • Moody's/S&P Aa2/ A+
  • Stock NYSE: SHEL
Goodyear
1503 East Stone Drive, Kingsport, TN , 37664
  • Size SF6,240
  • Built/Renov1990/1997
  • Price/SF$202
  • Lease Start01-01-2010
  • Rent/SF$14.13
  • Lease Type NN+
  • Lot/AC0.54
  • Pop 5MI67,236
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,260,000

  • Cap Rate 7.00%
  • NOI $88,140
  • R. Term/Yrs 5.7
  • Guarantor Franchisee
  • # Units 1
View CONTACT

  • Build to suit

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Major MSA

  • Income tax free state

  • Long operation history

  • Accelerated depreciation

  • Favorable NN+ lease

  • Personal guarantee

    • ...
  • Tenant Goodyear
  • Guarantor Franchisee
  • #Units 1
  • Moody's/S&P B1/ B+
  • Stock NASDAQ: GT
Dollar General
189 Jacobstown New Egypt Road, Wrightstown, NJ , 08562
  • Size SF9,270
  • Built/Renov1996/2013
  • Price/SF$169
  • Lease Start01-01-2014
  • Rent/SF$12.23
  • Lease Type NN+
  • Lot/AC2.29
  • Pop 5MI20,669
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,565,000

  • Cap Rate 7.25%
  • NOI $113,400
  • R. Term/Yrs 4.7
  • Guarantor Corp R + T
  • # Units 19,986
View CONTACT

  • Signalized intersection

  • Oversized lot

  • Roof guarantee

  • Strategically located

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Recently extended lease

  • Favorable NN+ lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
Dollar General
16074 Pennsylvania 287, Tioga, PA , 16946
  • Size SF10,640
  • Built/Renov2023
  • Price/SF$162
  • Lease Start08-16-2023
  • Rent/SF$10.55
  • Lease Type Abs NNN
  • Lot/AC4.36
  • Pop 5MI2,929
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,726,835

  • Cap Rate 6.50%
  • NOI $112,244
  • R. Term/Yrs 14.3
  • Guarantor Corp R + T
  • # Units 19,986
View CONTACT

  • New construction

  • Build to suit

  • Oversized lot

  • Strategically located

  • Highway close

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
Dollar General Market
1218 Pennsylvania 739, Milford, PA , 18337
  • Size SF12,668
  • Built/Renov2023
  • Price/SF$167
  • Lease Start09-01-2023
  • Rent/SF$10.37
  • Lease Type Abs NNN
  • Lot/AC2.22
  • Pop 5MI16,647
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

2,117,986

  • Cap Rate 6.20%
  • NOI $131,315
  • R. Term/Yrs 14.3
  • Guarantor Corp R + T
  • # Units 19,986
View CONTACT

  • New construction

  • Build to suit

  • Strategically located

  • Highway location

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Dollar General Market
  • Guarantor Corp T and Rated
  • #Units 19,986
  • Moody's/S&P Baa2/ BBB
  • Stock NYSE: DG
Chipotle Mexican Grill
465 NJ-37, Toms River, NJ , 08753
  • Size SF2,325
  • Built/Renov2023
  • Price/SF$1,222
  • Lease Start12-31-2023
  • Rent/SF$61.08
  • Lease Type NN+
  • Lot/AC0.70
  • Pop 5MI133,470
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

2,840,000

  • Cap Rate 5.00%
  • NOI $142,000
  • R. Term/Yrs 14.7
  • Guarantor Corp Traded
  • # Units 3,437
View CONTACT

  • New construction

  • Signalized intersection

  • Roof guarantee

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

    • ...
  • Tenant Chipotle Mexican Grill
  • Guarantor Corp Traded
  • #Units 3,437
  • Stock NYSE: CMG
Chipotle Mexican Grill
2 North Black Horse Pike, Bellmawr, NJ , 08031
  • Size SF2,325
  • Built/Renov2021
  • Price/SF$1,032
  • Lease Start11-17-2021
  • Rent/SF$51.61
  • Lease Type NN+
  • Lot/AC0.64
  • Pop 5MI274,674
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

2,400,000

  • Cap Rate 5.00%
  • NOI $120,000
  • R. Term/Yrs 12.6
  • Guarantor Corp Traded
  • # Units 3,437
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long 10+ yr lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • Publicly traded company

    • ...
  • Tenant Chipotle Mexican Grill
  • Guarantor Corp Traded
  • #Units 3,437
  • Stock NYSE: CMG
Dollar General
256 Middletown Road, Shinnston, WV , 26431
  • Size SF10,640
  • Built/Renov2023
  • Price/SF$194
  • Lease Start11-03-2023
  • Rent/SF$12.61
  • Lease Type Abs NNN
  • Lot/AC1.50
  • Pop 5MI12,922
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

2,064,862

  • Cap Rate 6.50%
  • NOI $134,216
  • R. Term/Yrs 14.6
  • Guarantor Corp R + T
  • # Units 19,294
View CONTACT

  • New construction

  • Build to suit

  • Near major nationals

  • Strategically located

  • Affluent suburb location

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,294
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: DG
Dollar General
3414 West Roy Furman Highway, Waynesburg, PA , 15370
  • Size SF9,100
  • Built/Renov2018
  • Price/SF$159
  • Lease Start07-18-2018
  • Rent/SF$11.14
  • Lease Type Abs NNN
  • Lot/AC2.61
  • Pop 5MI7,224
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,448,228

  • Cap Rate 7.00%
  • NOI $101,376
  • R. Term/Yrs 9.2
  • Guarantor Corp R + T
  • # Units 19,294
View CONTACT

  • Build to suit

  • Oversized lot

  • Major thoroughfare

  • Strategically located

  • Highway location

  • Absolute NNN

  • Limited competition

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,294
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: DG
Lion's Den
6762 Hebron Road, Heath, OH , 43056
  • Size SF4,992
  • Price/SF$192
  • Lease Start06-01-2024
  • Rent/SF$13.91
  • Lease Type Abs NNN
  • Lot/AC2.03
  • Pop 5MI36,494
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

957,531

  • Cap Rate 7.25%
  • NOI $69,421
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 47
View CONTACT

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Lion's Den
  • Guarantor Corporate
  • #Units 47
  • Stock Private
Lion's Den
8071 Olde Scotland Road, Shippensburg, PA , 17257
  • Size SF1,800
  • Price/SF$502
  • Lease Start06-01-2024
  • Rent/SF$36.38
  • Lease Type Abs NNN
  • Lot/AC1.45
  • Pop 5MI30,398
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

903,159

  • Cap Rate 7.25%
  • NOI $65,479
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 47
View CONTACT

  • Freeway visibility

  • Top 100 MSA

  • Affluent suburb location

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Lion's Den
  • Guarantor Corporate
  • #Units 47
  • Stock Private
Lion's Den
65799 Batesville Road, Quaker City, OH , 43773
  • Size SF3,520
  • Built/Renov1980
  • Price/SF$263
  • Lease Start06-01-2024
  • Rent/SF$19.05
  • Lease Type Abs NNN
  • Lot/AC13.82
  • Pop 5MI1,890
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

925,034

  • Cap Rate 7.25%
  • NOI $67,065
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 47
View CONTACT

  • Strategically located

  • Freeway close

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Lion's Den
  • Guarantor Corporate
  • #Units 47
  • Stock Private
Lion's Den
3216 South Bridge Street, Chillicothe, OH , 45601
  • Size SF2,200
  • Built/Renov2013
  • Price/SF$451
  • Lease Start06-01-2024
  • Rent/SF$32.67
  • Lease Type Abs NNN
  • Lot/AC0.57
  • Pop 5MI26,929
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

991,503

  • Cap Rate 7.25%
  • NOI $71,884
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 47
View CONTACT

  • Strategically located

  • Freeway close

  • Highway location

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Corporate Guarantee

    • ...
  • Tenant Lion's Den
  • Guarantor Corporate
  • #Units 47
  • Stock Private
Lion's Den
9021 West Lancaster Road, Jeffersonville, OH , 43128
  • Size SF1,800
  • Built/Renov2020
  • Price/SF$581
  • Lease Start06-01-2024
  • Rent/SF$42.13
  • Lease Type Abs NNN
  • Lot/AC2.33
  • Pop 5MI2,735
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

1,046,028

  • Cap Rate 7.25%
  • NOI $75,837
  • R. Term/Yrs 20.0
  • Guarantor Corporate
  • # Units 47
View CONTACT

  • New construction

  • Near major nationals

  • Strategically located

  • Freeway visibility

  • Top 100 MSA

  • Brand new lease

  • Long 20+ yr lease

  • Absolute NNN

  • Annual rent increases

  • Corporate Guarantee

    • ...
  • Tenant Lion's Den
  • Guarantor Corporate
  • #Units 47
  • Stock Private
Starbucks
320 East Jimmie Leeds Road, Galloway, NJ , 08205
  • Size SF3,054
  • Built/Renov2001/2023
  • Price/SF$842
  • Lease Start10-29-2023
  • Rent/SF$44.20
  • Lease Type NN+
  • Lot/AC1.32
  • Pop 5MI57,459
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

2,571,429

  • Cap Rate 5.25%
  • NOI $135,000
  • R. Term/Yrs 9.9
  • Guarantor Corp R + T
  • # Units 36,000
View CONTACT

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Affluent suburb location

  • Brand new lease

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Starbucks
  • Guarantor Corp T and Rated
  • #Units 36,000
  • Moody's/S&P Baa1/ BBB+
  • Stock NASDAQ: SBUX
Dollar General
4025 Durham Road, Ottsville, PA , 18942
  • Size SF9,200
  • Built/Renov2021
  • Price/SF$213
  • Lease Start11-24-2021
  • Rent/SF$12.80
  • Lease Type Abs NNN
  • Lot/AC2.30
  • Pop 5MI10,169
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,962,433

  • Cap Rate 6.00%
  • NOI $117,746
  • R. Term/Yrs 12.6
  • Guarantor Corp R + T
  • # Units 19,294
View CONTACT

  • New construction

  • Oversized lot

  • Strategically located

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Dollar General
  • Guarantor Corp T and Rated
  • #Units 19,294
  • Moody's/S&P Baa3/ BBB
  • Stock NYSE: DG
Applebee's
2600 West State Street, Alliance, OH , 44601
  • Size SF4,320
  • Built/Renov2000
  • Price/SF$759
  • Lease Start10-23-2003
  • Rent/SF$47.45
  • Lease Type Abs NNN
  • Lot/AC1.72
  • Pop 5MI33,287
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

3,280,000

  • Cap Rate 6.25%
  • NOI $205,000
  • R. Term/Yrs 15.5
  • Guarantor Franchisee
  • # Units 441
View CONTACT

  • In location for years

  • WalMart out-parcel

  • Highway location

  • Major MSA

  • Recently extended lease

  • Long 15+ yr lease

  • Strong sales history

  • Absolute NNN

  • Publicly traded company

  • Top franchise operator

    • ...
  • Tenant Applebee's
  • Guarantor Franchisee
  • #Units 441
  • Stock NYSE: DIN
Tires Plus
669 Knox Blvd, Radcliff, KY , 40160
  • Size SF7,760
  • Built/Renov1995
  • Price/SF$112
  • Lease Start09-01-1995
  • Rent/SF$7.31
  • Lease Type NN+
  • Lot/AC0.55
  • Pop 5MI40,092
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

872,307

  • Cap Rate 6.50%
  • NOI $56,700
  • R. Term/Yrs 4.3
  • Guarantor Corp R + T
  • # Units 447
View CONTACT

  • Roof guarantee

  • In location for years

  • Near major nationals

  • Highway location

  • Strong tenant synergy

  • Recently extended lease

  • Favorable NN+ lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Tires Plus Total Car Care
  • Guarantor Corp T and Rated
  • #Units 447
  • Moody's/S&P A2/ A
  • Stock OTCMKTS: BRDCY
State of Pennsylvania - Dept of Human Services
101 Lehigh Drive, Lehighton, PA , 18235
  • Size SF9,742
  • Built/Renov2006/2021
  • Price/SF$147
  • Lease Start03-01-2021
  • Rent/SF$11.25
  • Lease Type Modified Gross
  • Lot/AC2.02
  • Pop 5MI22,766
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,435,000

  • Cap Rate 7.63%
  • NOI $109,559
  • R. Term/Yrs 6.9
  • Guarantor Corp Rated
  • # Units 93
View CONTACT

  • Recent renovation

  • In location for years

  • Strategically located

  • Central metro location

  • Highway location

  • Long operation history

  • Recently extended lease

  • Annual rent increases

  • Investment grade tenant

  • Credit rated company

    • ...
  • Tenant State of PA - Dept of Human Services
  • Guarantor Corp Rated
  • #Units 93
  • Moody's/S&P Aa3/ A+
  • Stock Government
State of Pennsylvania - Dept of Human Services
24 Robinson Street, Pottstown, PA , 19464
  • Size SF12,320
  • Built/Renov2003/2021
  • Price/SF$204
  • Lease Start01-01-2021
  • Rent/SF$15.62
  • Lease Type Modified Gross
  • Lot/AC2.59
  • Pop 5MI87,362
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michael shover

2158060654

matthew gorman

(215) 603-6914

2,515,000

  • Cap Rate 7.65%
  • NOI $192,404
  • R. Term/Yrs 6.7
  • Guarantor Corp Rated
  • # Units 93
View CONTACT

  • Recent renovation

  • In location for years

  • Strategically located

  • Central metro location

  • Highway close

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Recently extended lease

  • Annual rent increases

  • Investment grade tenant

    • ...
  • Tenant State of PA - Dept of Human Services
  • Guarantor Corp Rated
  • #Units 93
  • Moody's/S&P Aa3/ A+
  • Stock Government
Wells Fargo (GL)
1155 Schadt Avenue, Whitehall, PA , 18052
  • Size SF3,500
  • Built/Renov1974
  • Price/SF$510
  • Lease Start10-01-1974
  • Rent/SF$35.71
  • Lease Type Abs NNN
  • Lot/AC1.14
  • Pop 5MI221,332
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michael shover

2158060654

matthew gorman

(215) 603-6914

1,785,000

  • Cap Rate 7.00%
  • NOI $125,000
  • R. Term/Yrs 2.10
  • Guarantor Corp R + T
  • # Units 8,050
View CONTACT

  • In location for years

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Wells Fargo
  • Guarantor Corp T and Rated
  • #Units 8,050
  • Moody's/S&P A1/ BBB+
  • Stock NYSE: WFC
Walgreens (GL)
810 Springfield Avenue, Irvington, NJ , 07111
  • Size SF12,300
  • Built/Renov2017
  • Price/SF$424
  • Lease Start06-06-2017
  • Rent/SF$21.21
  • Lease Type Abs NNN
  • Lot/AC0.92
  • Pop 5MI845,436
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michael shover

2158060654

matthew gorman

(215) 603-6914

5,218,000

  • Cap Rate 5.00%
  • NOI $260,900
  • R. Term/Yrs 18.1
  • Guarantor Corp R + T
  • # Units 8,896
View CONTACT

  • Signalized intersection

  • Hard corner intersection

  • Strategically located

  • Hospital close

  • Top 100 MSA

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant Walgreens
  • Guarantor Corp T and Rated
  • #Units 8,896
  • Moody's/S&P Baa3/ BBB
  • Stock NASDAQ: WBA
Valvoline (GL)
10670 Fremont Pike, Perrysburg, OH , 43551
  • Size SF2,087
  • Built/Renov2023
  • Price/SF$762
  • Lease Start08-15-2023
  • Rent/SF$38.09
  • Lease Type Abs NNN
  • Lot/AC0.44
  • Pop 5MI84,769
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michael shover

2158060654

matthew gorman

(215) 603-6914

1,590,000

  • Cap Rate 5.00%
  • NOI $79,500
  • R. Term/Yrs 14.3
  • Guarantor Corp R + T
  • # Units 1,715
View CONTACT

  • New construction

  • Build to suit

  • Shopping Ctr out-parcel

  • Freeway close

  • Highway location

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Valvoline, LLC
  • Guarantor Corp T and Rated
  • #Units 1,715
  • Moody's/S&P Ba2/ BB
  • Stock NYSE: VVV
Popeyes
834 Springfield Avenue, Irvington, NJ , 07111
  • Size SF3,324
  • Built/Renov2016
  • Price/SF$1,255
  • Lease Start03-01-2024
  • Rent/SF$72.20
  • Lease Type Abs NNN
  • Lot/AC0.52
  • Pop 5MI845,436
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michael shover

2158060654

matthew gorman

(215) 603-6914

4,173,000

  • Cap Rate 5.75%
  • NOI $240,000
  • R. Term/Yrs 19.9
  • Guarantor Franchisee
  • # Units 1
View CONTACT

  • In location for years

  • Near major nationals

  • Strategically located

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Long 20+ yr lease

  • Store sales reported

  • Absolute NNN

  • Personal guarantee

    • ...
  • Tenant Popeyes
  • Guarantor Franchisee
  • #Units 1
  • Stock NYSE: QSR
Outback Steakhouse
16400 Northcross Drive, Huntersville, NC , 28078
  • Size SF6,624
  • Built/Renov1997/2008
  • Price/SF$545
  • Lease Start09-15-2016
  • Rent/SF$32.69
  • Lease Type Abs NNN
  • Lot/AC2.44
  • Pop 5MI106,395
show more

michael shover

2158060654

matthew gorman

(215) 603-6914

3,609,000

  • Cap Rate 6.00%
  • NOI $216,535
  • R. Term/Yrs 7.4
  • Guarantor Corp R + T
  • # Units 1,001
View CONTACT

  • Near major nationals

  • Freeway close

  • Strong tenant synergy

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Absolute NNN

  • Annual rent increases

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Outback Steakhouse
  • Guarantor Corp T and Rated
  • #Units 1,001
  • Moody's/S&P Baa3/ BB-
  • Stock NASDAQ: BLMN
O'Reilly Auto Parts
9595 U.S. 30, Irwin, PA , 15642
  • Size SF7,225
  • Built/Renov2018
  • Price/SF$339
  • Lease Start01-02-2019
  • Rent/SF$18.88
  • Lease Type Double NN
  • Lot/AC1.03
  • Pop 5MI73,670
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

2,451,000

  • Cap Rate 5.90%
  • NOI $144,609
  • R. Term/Yrs 9.7
  • Guarantor Corp R + T
  • # Units 5,971
View CONTACT

  • Build to suit

  • Near major nationals

  • Strategically located

  • Highway location

  • Strong tenant synergy

  • Affluent suburb location

  • Major MSA

  • Favorable NN+ lease

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant O'Reilly Auto Parts
  • Guarantor Corp T and Rated
  • #Units 5,971
  • Moody's/S&P Baa1/ BBB
  • Stock NASDAQ: ORLY
O'Reilly Auto Parts
4431 Peach Street, Erie, PA , 16509
  • Size SF7,000
  • Built/Renov2016
  • Price/SF$243
  • Lease Start12-31-2016
  • Rent/SF$14.56
  • Lease Type Double NN
  • Lot/AC0.66
  • Pop 5MI151,472
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,700,000

  • Cap Rate 5.99%
  • NOI $101,905
  • R. Term/Yrs 12.7
  • Guarantor Corp R + T
  • # Units 5,971
View CONTACT

  • Signalized intersection

  • Build to suit

  • Near major nationals

  • Strategically located

  • Strong tenant synergy

  • Dense 100M+ pop 5 mi

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...
  • Tenant O'Reilly Auto Parts
  • Guarantor Corp T and Rated
  • #Units 5,971
  • Moody's/S&P Baa1/ BBB
  • Stock NASDAQ: ORLY
Mavis Discount Tire
763 Bethlehem Pike, Montgomeryville, PA , 18936
  • Size SF12,200
  • Built/Renov1980
  • Price/SF$254
  • Lease Start07-01-1994
  • Rent/SF$13.93
  • Lease Type NN+
  • Lot/AC1.02
  • Pop 5MI146,052
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

3,100,000

  • Cap Rate 5.50%
  • NOI $170,500
  • R. Term/Yrs 9.5
  • Guarantor Corp Rated
  • # Units 748
View CONTACT

  • In location for years

  • Highway location

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Population increase trend

  • Long operation history

  • Recently extended lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • Credit rated company

    • ...
  • Tenant Mavis Tire Supply LLC
  • Guarantor Corp Rated
  • #Units 748
  • Moody's/S&P B3/ B-
  • Stock Private
Dollar General
116 North River Street, Plains, PA , 18705
  • Size SF10,640
  • Built/Renov2023
  • Price/SF$167
  • Lease Start04-24-2023
  • Rent/SF$10.76
  • Lease Type Abs NNN
  • Lot/AC2.00
  • Pop 5MI133,861
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

1,774,822

  • Cap Rate 6.45%
  • NOI $114,476
  • R. Term/Yrs 13.11
  • Guarantor Corp R + T
  • # Units 19,294
View CONTACT

  • New construction

  • Near major nationals

  • Highway close

  • Strong demographics

  • Major MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

    • ...
  • Tenant Dolgencorp LLC
  • Guarantor Corp T and Rated
  • #Units 19,294
  • Moody's/S&P Baa3/ BBB
Carvana
4070 Interchange Corporate Center Road, Warrensville Heights, OH , 44128
  • Size SF8,408
  • Built/Renov2017
  • Price/SF$719
  • Lease Start01-01-2018
  • Rent/SF$55.73
  • Lease Type Abs NNN
  • Lot/AC4.09
  • Pop 5MI184,189
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

6,046,000

  • Cap Rate 7.75%
  • NOI $468,545
  • R. Term/Yrs 16.4
  • Guarantor Corp R + T
  • # Units 38
View CONTACT

  • High traffic 50M+ VPD

  • Near major nationals

  • Freeway visibility

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

    • ...
  • Tenant Carvana
  • Guarantor Corp T and Rated
  • #Units 38
  • Moody's/S&P Ca/ CCC
  • Stock NYSE: CVNA
Burger King (GL)
1207 Harrisburg Pike, Carlisle, PA , 17013
  • Size SF3,278
  • Built/Renov2023
  • Price/SF$1,464
  • Lease Start03-01-2022
  • Rent/SF$80.58
  • Lease Type Abs NNN
  • Lot/AC1.45
  • Pop 5MI51,456
show more

matthew gorman

2156036914

michael shover

(215) 806-0654

4,800,000

  • Cap Rate 5.50%
  • NOI $264,155
  • R. Term/Yrs 27.9
  • Guarantor Franchisee
  • # Units 20
View CONTACT

  • New construction

  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Highway close

  • Top 100 MSA

  • Affluent suburb location

  • Long 20+ yr lease

  • Absolute NNN

  • Personal guarantee

    • ...
  • Tenant Burger King
  • Guarantor Franchisee
  • #Units 20
  • Moody's/S&P B1/ BB
  • Stock NYSE: QSR

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