288 S Main St
Doylestown, PA 18901
Firstrust Bank | 15yr Lease · Retail Property For Sale

CBRE, Inc. is pleased to exclusively present for sale this Firstrust Bank located at 288 S. Main Street in Doylestown, PA. This is a recently extended 15 year absolute-net lease with no landlord responsibilities, administration, or expenses. Firstrust Bank is on a corporately backed lease with rare 1.5% annual rental increases in the base term of the lease and in each of two, five year options to renew. Firstrust Bank, a well-known and well-regarded Philadelphia based bank, has over $60 million in deposits in this location and has been in operation as a company for more than 80 years, including 17 years at this location. This 4,800 square foot building is located in the heart of Doylestown, one of the wealthiest suburban Philadelphia markets and the county seat for Bucks County, PA. The subject property is located in an affluent demographic area with over 89,000 people in the 5-mile ring, and six-figure average household incomes in the 1, 3, and 5-mile rings. It is ideally located on Main Street, less than one mile to the Route 202 Interchange which sees traffic counts over 32,000 vehicles per day. Surrounding national tenants include McDonalds, 7-Eleven, CVS, Wawa, Wendy' s, Dunkin' Donuts, and Starbucks to name a few. Doylestown is an excellent submarket of Philadelphia, approximately 27 miles from downtown. Delaware Valley University, a private institution known mainly as an agricultural and science school, is located adjacent to Doylestown Borough. The university is less than three miles away from the subject property.