400 Lincoln HwyCoatesville, PA 19320
- Retail properties
- 8,208 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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