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Grocery Store

Sprouts Farmers Market (NASDAQ: SFM) | Affluent Philadelphia Suburb: $184k+ Avg. HHI | 15 Year Lease

36 W Ridge Pike, Limerick (Philadelphia MSA), PA 19468

Listing Price: $13,570,000

Cap Rate
5.75%
Tenant Name
Sprouts Farmers Market
Years Remaining On Lease
16.2
Gross SF
23,259
Guarantor
Corporate Guarantee
Rentable SF
23,259
Price/Gross SF
$583.43
Lease Type
Modified Gross
Rent Per Square Feet
$33.55

Investment Overview

Limerick Township sits in the northwestern quadrant of Montgomery County, Pennsylvania, roughly 35 miles from Center City Philadelphia and approximately 20 miles from King of Prussia, along the U.S. Route 422 corridor — the Pottstown Expressway — that carries the region’s daily commuter and commercial traffic between Pottstown, Collegeville, Valley Forge, and Philadelphia’s western suburbs.

The township has grown steadily rather than plateaued. Population reached an estimated 21,436 in July 2025, a 4.8 percent increase over the 2020 census count of 20,462. Household economics are strong across the board: median household income of approximately $121,061, bachelor’s-degree attainment of 53.5 percent, owner-occupancy at 83.1 percent, and a median owner-occupied home value near $456,800. Poverty sits at roughly 3.8 percent. Growth continues through an approved residential pipeline that includes Ironwood’s 95 townhomes and North Gate’s 51 single-family lots.

Employment in the trade area is diversified and institutionally anchored. Constellation’s Limerick Clean Energy Center, a 2,317-megawatt nuclear station generating enough electricity for roughly 1.7 million homes, provides hundreds of permanent high-wage positions, paid approximately $5.6 million in 2026 Montgomery County property taxes, and invested $90 million in its spring 2026 refueling outage, mobilizing 1,400 skilled trades workers. Ursinus College in Collegeville, Montgomery County Community College’s Pottstown campus, and Tower Health’s Pottstown Hospital add stable education and healthcare employment, while an approved commercial pipeline including a 257,040-square-foot Verus Partners warehouse expands the industrial base.

Retail gravity in the corridor is well established. Philadelphia Premium Outlets, Simon Property Group’s 550,000-square-foot, roughly 150-store center, draws regionally from within Limerick itself. Providence Town Center in Collegeville, anchored by Wegmans, Dick’s Sporting Goods, and Best Buy, traded for approximately $162 million in 2022 — institutional validation of the corridor. Spring-Ford Area School District, serving roughly 50,990 residents across 44.4 square miles, continues to draw families.

Investment Highlights

  • 15 Year Corporate Lease featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 High Quality Construction.
  • Signalized Hard Corner - Hard-Corner Position at the Fully Signalized Ridge Pike and Township Line Road Intersection, Limerick's Main Retail Crossroads.
  • Positioned on the U.S. Route 422 Corridor - the Pottstown Expressway - the Primary East-West Artery Connecting Pottstown, Limerick, Collegeville, King of Prussia, Valley Forge, and Philadelphia.
  • Strong Tenant - Sprouts (NASDAQ: SFM) is one of the Largest Specialty Retailers of Fresh, Natural and Organic Food in the U.S., with more than 490 Locations Currently Operating and an Annual Revenue of $8.80+ Billion.
  • Average Household Income Approximates $184k+ with 53.5 Percent Bachelor's Attainment, 83.1 Percent Owner-Occupancy, and Median Home Values near $456k - Premium, Credit-Strong Demographics for a Grocery-Anchored Asset.
  • Regional Institutions including Ursinus College in Collegeville, Montgomery County Community College's Pottstown Campus, and Tower Health's Pottstown Hospital Anchor Stable Education and Healthcare Employment Across the Trade Area.
  • Within a 55,200 Sq.Ft. Retail Node - Walgreens, McDonald's, Citadel Credit Union and Childtime Childcare on site, plus an approved 12,000 Sq.Ft. Building - generating Complementary Traffic Across Morning, Midday and Evening Dayparts.
  • Minutes from Philadelphia Premium Outlets, Simon Property Group's 550,000-Square-Foot, Approximately 150-Store Regional Draw that Opened in 2007 and Reportedly Operates Near 92 Percent Occupancy. In Close Proximity to Numerous National Retailers, including Target, ALDI, Walgreens, Planet Fitness, Petco, Ross Dress for Less, GIANT, Staples, Wawa, Lidl and many more.

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Grocery Store

Sprouts Farmers Market (NASDAQ: SFM) | Affluent Philadelphia Suburb: $184k+ Avg. HHI | 15 Year Lease

Listing Price: $13,570,000

Cap Rate
5.75%
Tenant Name
Sprouts Farmers Market
Years Remaining On Lease
16.2
Gross SF
23,259
Guarantor
Corporate Guarantee
Rentable SF
23,259
Price/Gross SF
$583.43
Lease Type
Modified Gross
Rent Per Square Feet
$33.55

Investment Highlights

  • 15 Year Corporate Lease featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Brand New 2026 High Quality Construction.
  • Signalized Hard Corner - Hard-Corner Position at the Fully Signalized Ridge Pike and Township Line Road Intersection, Limerick's Main Retail Crossroads.
  • Positioned on the U.S. Route 422 Corridor - the Pottstown Expressway - the Primary East-West Artery Connecting Pottstown, Limerick, Collegeville, King of Prussia, Valley Forge, and Philadelphia.
  • Strong Tenant - Sprouts (NASDAQ: SFM) is one of the Largest Specialty Retailers of Fresh, Natural and Organic Food in the U.S., with more than 490 Locations Currently Operating and an Annual Revenue of $8.80+ Billion.
  • Average Household Income Approximates $184k+ with 53.5 Percent Bachelor's Attainment, 83.1 Percent Owner-Occupancy, and Median Home Values near $456k - Premium, Credit-Strong Demographics for a Grocery-Anchored Asset.
  • Regional Institutions including Ursinus College in Collegeville, Montgomery County Community College's Pottstown Campus, and Tower Health's Pottstown Hospital Anchor Stable Education and Healthcare Employment Across the Trade Area.
  • Within a 55,200 Sq.Ft. Retail Node - Walgreens, McDonald's, Citadel Credit Union and Childtime Childcare on site, plus an approved 12,000 Sq.Ft. Building - generating Complementary Traffic Across Morning, Midday and Evening Dayparts.
  • Minutes from Philadelphia Premium Outlets, Simon Property Group's 550,000-Square-Foot, Approximately 150-Store Regional Draw that Opened in 2007 and Reportedly Operates Near 92 Percent Occupancy. In Close Proximity to Numerous National Retailers, including Target, ALDI, Walgreens, Planet Fitness, Petco, Ross Dress for Less, GIANT, Staples, Wawa, Lidl and many more.

Investment Overview

Limerick Township sits in the northwestern quadrant of Montgomery County, Pennsylvania, roughly 35 miles from Center City Philadelphia and approximately 20 miles from King of Prussia, along the U.S. Route 422 corridor — the Pottstown Expressway — that carries the region’s daily commuter and commercial traffic between Pottstown, Collegeville, Valley Forge, and Philadelphia’s western suburbs. The township has grown steadily rather than plateaued. Population reached an estimated 21,436 in July 2025, a 4.8 percent increase over the 2020 census count of 20,462. Household economics are strong across the board: median household income of approximately $121,061, bachelor’s-degree attainment of 53.5 percent, owner-occupancy at 83.1 percent, and a median owner-occupied home value near $456,800. Poverty sits at roughly 3.8 percent. Growth continues through an approved residential pipeline that includes Ironwood’s 95 townhomes and North Gate’s 51 single-family lots. Employment in the trade area is diversified and institutionally anchored. Constellation’s Limerick Clean Energy Center, a 2,317-megawatt nuclear station generating enough electricity for roughly 1.7 million homes, provides hundreds of permanent high-wage positions, paid approximately $5.6 million in 2026 Montgomery County property taxes, and invested $90 million in its spring 2026 refueling outage, mobilizing 1,400 skilled trades workers. Ursinus College in Collegeville, Montgomery County Community College’s Pottstown campus, and Tower Health’s Pottstown Hospital add stable education and healthcare employment, while an approved commercial pipeline including a 257,040-square-foot Verus Partners warehouse expands the industrial base. Retail gravity in the corridor is well established. Philadelphia Premium Outlets, Simon Property Group’s 550,000-square-foot, roughly 150-store center, draws regionally from within Limerick itself. Providence Town Center in Collegeville, anchored by Wegmans, Dick’s Sporting Goods, and Best Buy, traded for approximately $162 million in 2022 — institutional validation of the corridor. Spring-Ford Area School District, serving roughly 50,990 residents across 44.4 square miles, continues to draw families.

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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