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Mattress Warehouse & Quick Lane | Kennett Square

Mattress Warehouse & Quick Lane | Kennett Square

905-909 E. Baltimore Pike, Kennett Square, PA 19348

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PROPERTY DETAILS

Price

$7,000,000

Cap Rate

6.44%

NOI

$450,718

Parcel Size

2.20 AC

Mattress Warehouse Building Size

5,097 SF

Quick Lane Building Size

10,476 SF

Marketing Description

Equity CRE is pleased to present 905–909 E. Baltimore Pike in Kennett Square, Pennsylvania—two fully-leased, freestanding retail assets occupied by nationally recognized tenants: Mattress Warehouse and Quick Lane Tire & Auto Center. This rare opportunity offers long-term income security and strong real estate fundamentals in the heart of Kennett Square—an affluent, supply-constrained submarket in Chester County with high barriers to entry.

The offering features stable, passive cash flow backed by NNN leases with built-in rental increases and extended terms. Quick Lane is leased through December 2039, and Mattress Warehouse through January 2035. Together, the properties generate a combined net operating income of $450,718, priced at a 6.44% cap rate.

Strategically positioned along the high-traffic Baltimore Pike corridor (35,000+ VPD), the properties enjoy exceptional visibility and synergy with top-tier retailers such as Wawa, CVS, Walmart, and Starbucks. They are also located less than a mile from Longwood Gardens, a nationally recognized destination attracting over 1.6 million visitors annually.

Kennett Square and the surrounding area boast outstanding demographics, with over 106,000 residents and an average household income exceeding $175,000 within a five-mile radius. Its proximity to Philadelphia, combined with strong economic indicators and limited new retail development, make this a high-quality acquisition in one of the most desirable sub markets in the region.

Investment Highlights

  • Long-Term Passive Income
    • 100% leased to Mattress Warehouse and Quick Lane Tire & Auto Center
    • Mattress Warehouse lease runs through January 2035 and Quick Lane lease runs through December 2039
    • True NNN lease structures with minimal landlord responsibilities
  • Prime Kennett Square Location
    • Located along Baltimore Pike (35,000+ VPD), a dominant retail corridor in Chester County
    • Adjacent to Wawa, Walmart, CVS, Starbucks and other major national brands
    • Less than one mile from Longwood Gardens, drawing 1.6M+ visitors annually
  • Strong Demographics in Affluent Sub-Market
    • Kennett Square is one of Chester County’s most affluent areas
    • 5-mile average household income of $175,000+ and a population of 106,000+
    • Limited new development and high barriers to entry reinforce long-term tenant retention
  • Modern Construction with Strong Visibility
    • Built in 2019 on a 2.2 acre parcel with excellent frontage and visibility
    • Combined building area of 15,573 SF across two freestanding structures

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