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

JLL is pleased to offer for sale the fee-simple interest in a single-tenant Bank of America retail condo (the Property or Asset ) located on Lancaster Avenue in Wayne, Pennsylvania. The Offering features more than nine years remaining on the current lease term with a modified triple-net lease structure and four, five-year options with 10 percent escalations in each option for renewal. Situated along Lancaster Avenue, the Asset is well-positioned within an affluent Philadelphia suburb in close proximity to the Wayne Train Station, Villanova University, and King of Prussia Mall. This Offering represents a rare opportunity to acquire an exceptionally well-located property with a long-term lease in place and significant residual value. " Investment grade Bank of America tenant with A+' S&P credit rating " Operating on a modified triple net lease " More than nine years remaining with four, five-year options with 10 percent escalations in each option renewal " Wayne is an affluent suburb of Philadelphia with a population of 31,674 residents and an average household income of $171,686 " Located two blocks from Wayne Train Station, the busiest SEPTA regional line with 6.37 million annual passengers