Marcus & Millichap Inc.
05/28/2026 | Press release | Archived content
Marcus & Millichap Brokers $2.25M Sale of Chick-Fil-A in Philadelphia Suburb
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Marcus & Millichap Brokers $2.25M Sale of Chick-Fil-A in Philadelphia Suburb
May 28, 2026
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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 recognized 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.
"There was plenty of activity on this asset," said Scott Woodard, senior director investments in Marcus & Millichap's Philadelphia office. "The investment community recognized 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.
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About Marcus & Millichap, Inc. (NYSE: MMI)
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, 2025, the company had 1,808 investment sales and financing professionals in over 80 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 28, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2026 at 01:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]