601 Pottstown PikeExton, PA 19341
- Banks
- 7,100 SF
Property Details for 601 Pottstown Pike
- Year built
- 1977
- Lot size
- 0.80 AC
- Property size (Sq ft)
- 7,100 SF
- Zone code
- PC
- Property type
- Banks
- APN
- 3305 00450000
- APU
- 330500450000
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased bank building occupied by Key Bank, the 17th largest US bank by revenue. Located in Exton, Pennsylvania, a high-income suburb of Philadelphia, this property boasts a prime location at a busy, signalized intersection on Pottstown Pike, a major six-lane thoroughfare with an impressive 45,264 average daily traffic count. The 3,575 square foot building features a double drive-thru and drive-up ATM, providing excellent visibility and accessibility. The current lease with Key Bank has a remaining term of 8.3 years, with three 5-year renewal options, and includes a recently executed early extension. The lease features a 2% annual rent increase after year two, ensuring consistent income growth. The property also includes 33 parking spaces and sits on a 0.8-acre lot. With a strong tenant, a desirable location, and a substantial remaining lease term, this property offers a compelling investment opportunity with a 6.50% cap rate and a net operating income (NOI) of $175,000. Exton's thriving economy, high average household income, and strong population growth further enhance the property's long-term value. The property's location near major retailers and high-quality schools adds to its appeal. This is a rare opportunity to acquire a stable, high-performing asset in a prime location. The asking price is $2,692,000, representing a price per square foot of $753.01. The property's strong financials, coupled with its strategic location and credit-rated tenant, make it an ideal investment for both individual and institutional investors.
Location Insight
- City
- Exton
- County
- Chester
- State
- Pennsylvania
- Latitude
- 40.0504
- Longitude
- -75.6356
- 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
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- 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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].