753 E County Line Rd - Bank FOR SALE


Warminster, PA 18974
$4,436,667 USD
847-562-8500
753 E County Line Rd, Warminster, PA for Sale
$4,436,667 USD
Bank - FOR SALE
1/5
null | 6% Cap Rate

753 E County Line Rd
Warminster, PA 18974


HIGHLIGHTS

  • Average deposits exceed $200,000,000 over the last ?ve years at this location (FDIC)
  • Successful operating history since 2011
  • Affluent community – Average household income in excess of $138,000 (5 miles)
  • Proximity to Interstate 276 (108,000 VPD)
  • Adjacent to Huntingdon Valley Marketplace – anchored by Weis Markets
  • Over 215,000 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased PNC Bank property positioned within the Philadelphia MSA in Hatboro, Pennsylvania. PNC Bank has successfully operated at this location since 2011. The current ground lease extends through February 2031 and includes 10% rental increases in each option. The lease also features two renewal options and zero landlord responsibilities. Per FDIC data, this branch has averaged over $200 million in deposits over the past ?ve years. This 3,604 square-foot building is located at a signalized intersection along County Line Road with 31,600 vehicles passing daily. It is adjacent to Huntingdon Valley Marketplace, a key shopping center anchored by Weis Markets and LA Fitness. Nearby retailers like CVS Wawa Wendy’s Dunkin’ Verizon GNC and Chipotle feed a continual flow of traffic through the area. The property is a short distance from William Tennent High School with 1,765 students enrolled. Over 215,000 people live within a five-mile radius where the average household income tops $138,000. The location also benefits from its proximity to Interstate 276, which sees 108,000 vehicles daily. PNC Financial Services Group, Inc., commonly known as PNC Bank, is a major American bank holding company and financial services corporation headquartered in Pittsburgh, Pennsylvania. Tracing its roots to the Pittsburgh Trust and Savings Company founded in 1845, PNC has grown through numerous mergers and acquisitions, including a landmark 1982 merger with Provident National Corporation that formed the basis of its modern structure, and the adoption of its current name in 2000. The company operates in 27 states and the District of Columbia providing a wide array of services such as retail and corporate banking, asset management, wealth management, mortgage loans, insurance, investment banking, private equity, and credit cards. With total assets exceeding $557 billion as of recent reports, it employs around 59,000 people and maintains thousands of branches and ATMs nationwide.

FOR SALE DETAILS

PRICE

$4,436,667 USD

PRICE/SF

$1,298 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

CROSS STREETS

Davisville Rd

LAND ACRES

1.05 AC

LAND SF

45,855 SF

ZONING

49R2

APN/PARCEL ID

49-029-009

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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