1816 E Lincoln Hwy - Retail FOR SALE


Langhorne, PA 19047
$2,750,000 USD
484-482-2550
1816 E Lincoln Hwy, Langhorne, PA for Sale
$2,750,000 USD
Retail - FOR SALE
1/9
null | 5.28% Cap Rate

1816 E Lincoln Hwy
Langhorne, PA 19047


HIGHLIGHTS

  • Absolute NNN lease with zero landlord responsibilities
  • Corporate-backed lease by DriveTime, a national operator
  • Located in high-income, densely populated trade area
  • Positioned along a major corridor with 22,227 daily traffic count
  • Part of the Philadelphia MSA with 6.25 million residents

OVERVIEW

Equity CRE is pleased to exclusively offer for sale this single-tenant DriveTime dealership that presents a rare opportunity to acquire a fully passive, net-leased investment backed by a corporate guarantee. DriveTime, a national automotive retailer with 135 locations across 30 states and a workforce of approximately 4,500 employees, has demonstrated long-term commitment to this site by exercising its second 5-year renewal option earlier this year. With 4.5 years of term remaining and no landlord responsibilities under the absolute NNN lease, investors benefit from stable cash flow and minimal operational oversight. Strategically located along U.S. Business Route 1, the property enjoys strong visibility and access to over 22,000 vehicles per day. Langhorne’s affluent demographics further enhance the asset’s appeal, with a population exceeding 219,000 within a 5-mile radius and an average household income of $144,039. The site is part of the Philadelphia-Trenton MSA, the 8th largest metro area in the U.S., offering proximity to both Trenton (8 miles) and Philadelphia (24 miles), and access to a robust consumer base. This offering is ideal for investors seeking a recession-resilient asset with a proven tenant, strong market fundamentals, and zero management obligations.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$637 USD /SF

CAP RATE

5.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DriveTime | Langhorne, PA

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

CS

APN/PARCEL ID

22-047-201-002

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.