217 E Lancaster Ave | Wayne, PA 19087
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
217 E Lancaster Ave
Wayne, PA 19087
Bank of America · Retail Property For Sale
Investment Highlights
- Absolute triple net leased Bank of America (+Merrill Advisory)
- 13-year successful operating history, 6.5 years remain on initial term
- Immediate upside opportunity -rent increases 10% or 5-year CPI in 2021
- Investment grade credit tenant -Bank of America is S&P Rated "A-"
- B of A has 4, 5-year renewal options with increases in each 5-year term
- Highest average household income in Philadelphia MSA -$197k (1-mi), $193k (3-mi), and $164k(5-mi)
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
3,640 SF
Building Class
B
Year Built/Renovated
2006/2010
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
0.62 AC
Zoning
C-2 - Commercial
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 36-01-00321-00 | Improvements Assessment | $4,903,060 |
| Land Assessment | $754,440 | Total Assessment | $5,657,500 |
Property Taxes
Parcel Number
36-01-00321-00
Land Assessment
$754,440
Improvements Assessment
$4,903,060
Total Assessment
$5,657,500
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
