204 W Lancaster Ave | Shillington, PA 19607
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204 W Lancaster Ave
Shillington, PA 19607
Pizza Hut · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive Long-Term Lease: Completely passive Absolute Triple Net (NNN) Lease with over 12 Years remaining on the initial base term.
- Strong Supporting Demographics: Located in the heart of Shillington, PA with a population of over 174,000 in a 5-mile radius.
- Strong Pizza Hut Operator: Established Pizza Hut Franchisee with over ±23 operating locations.
- Rare 2% Annual Increases: Lease provides 2% annual Increases throughout the term of the lease and options.
- Prominent In-Fill Location: The subject Pizza Hut is positioned off the hard signalized corner off W Lancaster Ave & N Sterley St (±34,000 VPD).
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,260 SF
Building Class
B
Year Built
1955
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.67 AC
Zoning
Commercial - Commercial
Parking
45 Spaces (35.71 Spaces per 1,000 SF Leased)
Frontage
104’ on West Lancaster Avenue
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 77-4395-07-58-7622 | Improvements Assessment | $39,600 |
| Land Assessment | $208,800 | Total Assessment | $248,400 |
PROPERTY TAXES
Parcel Number
77-4395-07-58-7622
Land Assessment
$208,800
Improvements Assessment
$39,600
Total Assessment
$248,400
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