217 E Lancaster Ave - Bank FOR SALE


Wayne, PA 19087
$6,723,568 USD
212-335-0708
217 E Lancaster Ave, Wayne, PA for Sale
$6,723,568 USD
Bank - FOR SALE
1/7
null | 6.25% Cap Rate

217 E Lancaster Ave
Wayne, PA 19087


HIGHLIGHTS

  • 14+ years of successful operation
  • 23,000+ VPD
  • Absolute NNN Lease Zero Landlord responsibility
  • Located 12 miles from Downtown Philadelphia
  • 1 mile median home values $730k
  • 20 years of renewal options

OVERVIEW

Goldcap Real Estate Advisors is pleased to exclusively present 217 E Lancaster avenue Wayne, PA. The asset is an absolute NNN Leased Retail condominium leased to Bank of America with zero landlord responsibility and 10% rent increases every 5 years or 5 years CPI allowing for a completely passive and stable investment. Bank of America has successfully operated in this location for 15+ years and has 4+ years left of the initial 20 year term with 4-5 year options to renew. This location receives 24,000 Visitors per day and is surrounded by many national Franchise and credit rated tenants including Chase Bank, TD Bank, CVS, Whole Foods, Giant,Acme, Rite aid, Dunkin Chipotle and many more. Wayne PA is located in Delaware county, a suburb 12 Miles from Downtown Philadelphia on the prestigious and affluent Main Line region.

FOR SALE DETAILS

PRICE

$6,723,568 USD

PRICE/SF

$1,847 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C-2

APN/PARCEL ID

36-01-00321-00

ASK ABOUT THIS PROPERTY

Heshie GoldfeinGoldcap Real Estate AdvisorsMore Info
212-335-0708

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Heshie GoldfeinGoldcap Real Estate AdvisorsMore Info
212-335-0708

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