The Wegmans-anchored Prickett Preserve shopping center in Yardley has been listed for sale. As a result, a high-performing retail asset is being brought to market in Bucks County.

The nearly 150,000-square-foot center was completed two years ago. Since then, occupancy has reached 98 percent. The Wegmans is located at 925 Vansant Drive within the larger mixed-use development.

The shopping center was developed through a partnership between DeLuca Homes and Envision Land Use. Initially, the property was intended to be held long term. However, strong interest from investors prompted the decision to test the market.

Tenant stability remains a key feature of the asset. The center has a weighted average lease term of 17.7 years. In addition, Wegmans occupies 91,000 square feet and has approximately 20 years remaining on its lease.

Other tenants include CVS, Verizon, and Chase Bank. Currently, only 3,000 square feet of space remains available. As a result, the center is nearly fully leased.

Meanwhile, the broader development includes a residential component. Equus Capital Partners developed approximately 200 apartment units on-site. However, that portion is not included in the sale.

Ultimately, the offering reflects continued demand for grocery-anchored retail centers with strong tenancy and long-term lease stability.