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.
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.
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Contacts
Michael Woolbright
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Lincoln Hwy Coatesville, PA 19320
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Lincoln Hwy Coatesville, PA 19320
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800 Lincoln Hwy
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