217 E Lancaster Ave
Wayne, PA 19087
Bank of America · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Bank of America property located on Lancaster Ave in Wayne, Pennsylvania. Bank of America has been successfully operating at this location since 2006 and currently has 7 years remaining in its initial 20 year lease term. There are rental increases every 5 years throughout the base term of the lease and in each of the four, five year option periods to renew. The lease is corporately guaranteed by Bank of America, one of the world’s leading financial institutions and an investment grade credit tenant rated A+ by Standard & Poor's. Bank of America is ideally on Lancaster Ave with two points of access and excellent visibility for the 22,000+ vehicles passing by daily. This is a main retail location in Wayne, as Bank of America is surrounded by countless national retailers including Rite Aid, Starbucks, CVS, Dunkin' Donuts, AT&T, GAP, and Wawa among others. The subject property is also surrounded by dense, affluent and growing demographics. There are 11,000+ people and an average household income over $187,000 within 1 mile of the site, 54,000+ people and an average household income over $195,000 within 3 miles and 157,000+ people and an average household income over $162,000 within 5 miles. This corporately guaranteed lease with excellent demographics and rental increases offers the ideal investment for the astute investor.