200 W Lancaster Ave - Bank FOR SALE


Frazer, PA 19355
$3,125,000 USD
215-603-6914
200 W Lancaster Ave, Frazer, PA for Sale
$3,125,000 USD
Bank - FOR SALE
1/10
null | 5.6% Cap Rate

200 W Lancaster Ave
Frazer, PA 19355


HIGHLIGHTS

  • The 5-year extension begins February 9, 2026. The lease includes 5% rental increases every five years, with the next escalation set for January 2026
  • Strong commitment to this location—not only did Key Bank renew their lease, but they did so early and with zero concessions
  • 3 drive-thru lanes and positioned at a signalized hard corner with multiple points of ingress and egress
  • Located in the wealthiest county in Pennsylvania–Avg. household income exceeding $200,000 within a one-mile radius
  • Located on Lancaster Ave (Route 30) with 13,000+ VPD & located across from Lincoln Court Shopping Center (1.5M visitors per year)
  • This build-to-suit structure offers potential tax advantages through depreciation

OVERVIEW

CBRE is pleased to exclusively present for sale this KeyBank property located on Lancaster Avenue in Malvern, Pennsylvania. This 7,651-square-foot KeyBank property sits on a spacious 1.1-acre parcel and features three drive-thru lanes. The site offers excellent visibility and dual access points from both Lancaster Avenue (Route 30) and South Malin Road, ensuring seamless traffic flow for customers. KeyBank has operated at this location since 2006 and has demonstrated long-term commitment by continuing to renew its lease. Most recently, the tenant opted into a 5-year lease extension beginning February 9, 2026, extending the lease through February 29, 2031. With 6+ years of term remaining and two additional 5-year renewal options, KeyBank has secured its presence at this highly visible, signalized corner property with multiple access points well into the future. The lease is corporately guaranteed, NNN with zero landlord responsibilities, and includes 15% rental increases at the start of each renewal period, ensuring consistent income growth. Unlike many ground lease bank properties, this build-to-suit location offers tax shelter through depreciation, further enhancing investor returns. Strategically located along Lancaster Avenue (Route 30), a major retail corridor, the property benefits from prime frontage, a signalized intersection, and multiple points of ingress and egress, maximizing accessibility and exposure.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$408 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Key Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C4, E Whiteland TWP

APN/PARCEL ID

42-004-0318.0000

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

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