400 Lincoln HwyCoatesville, PA 19320

  • Retail properties
  • 8,208 SF
For Sale
$1,322,440 View listing

Property Details for 400 Lincoln Hwy

Year built
2016
Lot size
0.83 AC
Property size (Sq ft)
8,208 SF
Zone code
C2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
1606 03130000
APU
160603130000

Description

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Family Dollar storefront located at 400 Lincoln Hwy E, Coatesville, PA 19320. The property boasts 8,320 square feet on a 0.83-acre lot and was constructed in 2016. Currently operating at 100% occupancy, the lease with Family Dollar (a BBB- rated tenant by Standard & Poors, backed by a corporate guarantee) extends until March 31, 2031, offering a remaining term of approximately 6.4 years. The current annual net operating income (NOI) is $132,244, representing a 10.00% capitalization rate. A significant 10% rent increase is scheduled for April 1, 2026, further enhancing the investment's return. The property benefits from its prime location on Lincoln Highway East, a major thoroughfare in Coatesville with approximately 10,000 vehicles per day, and serves a strong demographic area with an average household income within a three-mile radius of approximately $102,000. This is a truly passive investment opportunity with zero landlord responsibilities due to the absolute NNN lease structure. The asking price is $1,322,440, translating to a price per square foot of $158.95.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,313,171
    6.5%
    $3,058,312
    7%
    $2,839,861
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,822,290
    Geo Method
    $2,702,592
  • Alternative Use

    Use
    Valuation
    Residential
    $2,579,800
    Hospitality
    $2,363,084
    Educational
    $1,966,058
    Medical
    $2,033,673
    Retail
    $3,058,312
400 Lincoln Hwy, Coatesville, Pennsylvania

Location Insight

City
Coatesville
County
Chester
State
Pennsylvania
Latitude
39.9838
Longitude
-75.817
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$56,822
$38,360
$906,640
$945,000
-
$38,360
$947,770
$986,130

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