WYNCOTE, Pa., May 28, 2026 Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a locally owned and operated Chick-fil-A in Wyncote, Pennsylvania. The asset sold for $2,250,350.
“There was plenty of activity on this asset,” said Scott Woodard, senior director investments in Marcus & Millichap’s Philadelphia office. “The investment community rec
ognized the value in the land and the under-market rent.”
Derrick Dougherty, Scott Woodward and Jacob Haslach exclusively marketed the property on behalf of the seller, a preferred developer of leading national and regional companies, and procured the buyer, a private partnership based on the West Coast.
“This is a dense infill submarket where quick-service restaurants are thriving,” added Haslach, associate director investments. “Especially Chick-Fil-A, a top performer on a local and national level.”
The property at 2421 W Cheltenham Ave., contains 4,596 rentable square feet and was built in 2011. Recent improvements include drive-thru and interior upgrades. It is an outparcel to Greenleaf at Cheltenham, the 10th-most-visited shopping center in Pennsylvania. Greenleaf’s other tenants include Target, Home Depot, Marshalls and Old Navy.
The shopping center is in Wyncote, a Philadelphia suburb, and is surrounded by shops, residential developments, schools and colleges.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.
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