Key Bank 200 W Lancaster Ave 7,651 SF Retail Building Frazer, PA 19355 $2,916,666 ($381.21/SF) 6% Cap Rate

CBRE is pleased to exclusively present for sale this KeyBank property located on Lancaster Avenue in Malvern, Pennsylvania. This 7,651-square-foot KeyBank property sits on a spacious 1.1-acre parcel and features three drive-thru lanes. The site offers excellent visibility and dual access points from both Lancaster Avenue (Route 30) and South Malin Road, ensuring seamless traffic flow for customers. KeyBank has operated at this location since 2006 and has demonstrated long-term commitment by continuing to renew its lease. Most recently, the tenant opted into a 5-year lease extension beginning February 9, 2026, extending the lease through February 29, 2031. With 6+ years of term remaining and two additional 5-year renewal options, KeyBank has secured its presence at this highly visible, signalized corner property with multiple access points well into the future.
The lease is corporately guaranteed, NNN with zero landlord responsibilities, and includes 15% rental increases at the start of each renewal period, ensuring consistent income growth. Unlike many ground lease bank properties, this build-to-suit location offers tax shelter through depreciation, further enhancing investor returns.
Strategically located along Lancaster Avenue (Route 30), a major retail corridor, the property benefits from prime frontage, a signalized intersection, and multiple points of ingress and egress, maximizing accessibility and exposure.