For Sale
$2,800,000

800 Lincoln Hwy Coatesville, PA 19320

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ground lease to Walgreens, sublet to Dollar Tree, a Fortune 500 company. The property, located at 800 Lincoln Highway East in Coatesville, Pennsylvania (Chester County, zip code 19320), encompasses 14,800 square feet on a 1.3-acre lot. Built in 2011, this Class A retail building boasts a 100% occupancy rate, with Dollar Tree operating under a 25-year absolute NNN lease commencing July 31, 2011, and expiring July 30, 2036. The remaining lease term is approximately 11.7 years. The property features a strong cap rate of 7.46% and a current NOI of $209,000, with an asking price of $2,800,000 ($189.19 per square foot). The lease includes 10% rent increases every 10 years. The property is zoned commercial and benefits from its location in a high-income area, with an average household income exceeding $101,000 and a population exceeding 71,000 within a 5-mile radius. Coatesville's strategic location offers proximity to Wilmington, Delaware (26 miles), Philadelphia International Airport (41 miles), and Philadelphia (43 miles). This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential. The ground lease also expires July 30, 2036, with approximately 12.2 years remaining.

Highlights

  • Absolute NNN ground lease; no landlord responsibilities.
  • 10% rent increases every 10 years.
  • Approximately 11.7 years remaining on the initial lease term.
  • Corporate Walgreens lease guarantee; sublet to Dollar Tree.
  • Located in Coatesville, Chester County, PA, with over 71,000 residents and average household income exceeding $101,000 within a 5-mile radius.
  • Excellent location; 26 miles to Wilmington, DE; 41 miles to Philadelphia International Airport; 43 miles to Philadelphia.

Property Details for 800 Lincoln Hwy

Property type
Retail properties, Drug stores
Square Feet
14,800 SF
Class
A
Year Built
2011
Lot Size (sq. ft)
56,628 SF
Units
1

Location Insight

City
Coatesville
County
Chester
State
Pennsylvania
Latitude
39.9851862
Longitude
-75.8079071

FAQs

What type of property is this?
Retail property - High-yield retail investment, strong tenant.
Where is the retail property located?
The property is located at 800 Lincoln Hwy Coatesville, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Absolute NNN ground lease; no landlord responsibilities.; 10% rent increases every 10 years.; Approximately 11.7 years remaining on the initial lease term.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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800 Lincoln Hwy
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