Souderton, PA, September 25, 2025 – 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 newly delivered Starbucks, a 2,225-square-foot property located at 601 E Broad St Souderton, PA, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $2,540,000.
Scott Woodard, investment specialist in Marcus & Millichap’s Philadelphia office, represented the buyer, a private investor based in NJ, in this transaction. Lee & Associates of Western PA, LLC exclusively represented the sellers, a local developer.
“This Starbucks transaction represents a rare single-tenant investment, and even amid broader store closures, this location is well positioned to thrive,” said Woodard, Senior Director of Investments. “Situated at the entrance to Towne Gate Commons, the property benefits from a strong local demographic, with over 110,000 residents within a five-mile radius and an average household income of $129,000. It is also strategically located near national tenants such as Home Depot, Aldi, Giant, Dunkin, and Wawa.”
“It was a pleasure working with all parties throughout this sale,” Woodard added. “Both the buyer and seller demonstrated true collaboration to ensure a smooth and successful transaction.”
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. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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