314 E Lancaster Ave | Wayne, PA 19087
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- LoopNet Team
314 E Lancaster Ave
Wayne, PA 19087
CVS Pharmacy & Verizon · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property includes CVS Pharmacy and Verizon on a 0.62-acre parcel in Wayne, PA, sold together but with separate leases.
- Verizon, operated by Cellular Sales of PA, has a NN lease with scheduled rent increases and limited landlord responsibilities.
- The site offers prime frontage on Lancaster Avenue with 26,846 VPD and immediate access to I-476 carrying 120,000+ VPD.
- CVS operates under a corporate-guaranteed, true NNN lease recently extended through 2035, showing long-term commitment.
- The asset is located in an affluent, supply-constrained Main Line market with average household income exceeding $226K within 3 miles.
- Surrounded by national retailers, transit options, and dense housing, the location ensures strong demand and tenant replacement potential.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,992 SF
Building Class
C
Year Built
1950
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.24 AC
Frontage
60’ on Lancaster Ave
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,059,287 | |
| Land Assessment | $1,375,080 | Total Assessment | $2,434,367 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,375,080
Improvements Assessment
$1,059,287
Total Assessment
$2,434,367
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