314 E Lancaster Ave - Freestanding FOR SALE
Wayne, PA 19087 |
314 E Lancaster Ave
Wayne, PA 19087
HIGHLIGHTS
- The property includes CVS Pharmacy and Verizon on a 0.62-acre parcel in Wayne, PA, sold together but with separate leases.
- CVS operates under a corporate-guaranteed, true NNN lease recently extended through 2035, showing long-term commitment.
- Verizon, operated by Cellular Sales of PA, has a NN lease with scheduled rent increases and limited landlord responsibilities.
- The asset is located in an affluent, supply-constrained Main Line market with average household income exceeding $226K within 3 miles.
- The site offers prime frontage on Lancaster Avenue with 26,846 VPD and immediate access to I-476 carrying 120,000+ VPD.
- Surrounded by national retailers, transit options, and dense housing, the location ensures strong demand and tenant replacement potential.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy & Verizon
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Storefront
TOTAL BUILDING SIZE
11992
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
36-03-01684-00,36-03-01686-00
