150 W Chelten Ave - Bank FOR SALE


Philadelphia, PA 19144- Germantown
$1,500,000 USD
484-482-2550
150 W Chelten Ave, Philadelphia, PA for Sale
$1,500,000 USD
Bank - FOR SALE
1/8
null | 6.65% Cap Rate

150 W Chelten Ave
Philadelphia, PA 19144
Germantown


HIGHLIGHTS

  • Investment Grade Tenant: PNC Bank is one of the largest and most stable financial institutions in the United States.
  • Long Operating History: Operating as a bank since the 1950's
  • Philadelphia MSA: Germantown is a neighborhood in northwest Philadelphia, about 8 miles from city center Philadelphia.

OVERVIEW

Equity CRE is pleased to exclusively offer for sale a single-tenant, multi-story, net-leased PNC Bank branch in the Germantown neighborhood of Philadelphia, PA. PNC Bank is operating in the first year of a 5-year extension, with one (1), 5-year extension option remaining. The building features a ground floor with second-floor space available in the back of the building as well as 9 private, off-street parking spaces in the rear. This is being offered on a fee simple basis and features an absolute NNN lease, with no landlord obligations – providing an investor with passive income. The lease is backed by a corporate guarantee from PNC Bank, one of the largest and most stable financial institutions in the world, offering investors a top guarantee available on the market. Headquartered in Pittsburgh, PA, the bank operates over 2,200 branches & 60,000 ATMs nationwide and has nearly $560 billion in assets.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank | Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CMX-2.5

APN/PARCEL ID

882963360

ASK ABOUT THIS PROPERTY

David LaiterEquity CREMore Info
484-482-2550

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David LaiterEquity CREMore Info
484-482-2550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.