For Sale
$4,200,000

49 Lancaster AvePaoli, PA 19301

Main Line PA, Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a 4,700 square foot Chase Bank branch located at 49 E Lancaster Ave, Paoli, PA 19301. The property sits on a 0.11-acre lot in the affluent Chester County, part of the Philadelphia MSA. Built in 1987 and renovated in 2021, this single-tenant building boasts a 15-year net lease (NN) with Chase Bank, an investment-grade tenant (S&P A+), expiring October 31, 2039. The lease includes 10% rent bumps every five years and options for two five-year extensions and one four-year, eleven-month extension. The current annual net operating income (NOI) is $210,000, representing a 5.00% cap rate and a price per square foot of $893.62. The property benefits from high visibility on Route 30, a bustling retail corridor with numerous national retailers, and enjoys proximity to major employers and affluent residential areas. The average household income within a 1-mile radius exceeds $187,000, and rises to over $217,000 within 3 and 5-mile radii. This presents a compelling opportunity for long-term, stable income generation in a prime location. The asking price is $4,200,000.

Highlights

  • $4,200,000 asking price for a 4,700 SF retail property.
  • Net lease with a credit-rated Chase Bank tenant.
  • 15-year lease remaining (expires 10/31/2039), with 10% rent bumps every five years and option periods.
  • 5.00% cap rate and $210,000 annual NOI.
  • Located at 49 E Lancaster Ave, Paoli, PA 19301, in the affluent Chester County, part of the Philadelphia MSA.

Property Details for 49 Lancaster Ave

Property type
Retail properties, Banks
Square Feet
4,700 SF
Year Built/Renovated
1987/2021
Buildings
1
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Paoli
County
Chester
State
Pennsylvania
Latitude
40.0423428
Longitude
-75.480888
49 Lancaster Ave, Paoli, Pennsylvania

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49 Lancaster Ave
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