PNC Bank 753 E County Line Rd 3,604 SF Retail Building Warminster, PA 18974 $4,436,667 ($1,231.04/SF) 6% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased PNC Bank property positioned within the Philadelphia MSA in Hatboro, Pennsylvania. PNC Bank has successfully operated at this location since 2011. The current ground lease extends through February 2031 and includes 10% rental increases in each option. The lease also features two renewal options and zero landlord responsibilities. Per FDIC data, this branch has averaged over $200 million in deposits over the past ?ve years.
This 3,604 square-foot building is located at a signalized intersection along County Line Road with 31,600 vehicles passing daily. It is adjacent to Huntingdon Valley Marketplace, a key shopping center anchored by Weis Markets and LA Fitness. Nearby retailers like CVS Wawa Wendy’s Dunkin’ Verizon GNC and Chipotle feed a continual flow of traffic through the area. The property is a short distance from William Tennent High School with 1,765 students enrolled. Over 215,000 people live within a five-mile radius where the average household income tops $138,000. The location also benefits from its proximity to Interstate 276, which sees 108,000 vehicles daily.
PNC Financial Services Group, Inc., commonly known as PNC Bank, is a major American bank holding company and financial services corporation headquartered in Pittsburgh, Pennsylvania. Tracing its roots to the Pittsburgh Trust and Savings Company founded in 1845, PNC has grown through numerous mergers and acquisitions, including a landmark 1982 merger with Provident National Corporation that formed the basis of its modern structure, and the adoption of its current name in 2000. The company operates in 27 states and the District of Columbia providing a wide array of services such as retail and corporate banking, asset management, wealth management, mortgage loans, insurance, investment banking, private equity, and credit cards. With total assets exceeding $557 billion as of recent reports, it employs around 59,000 people and maintains thousands of branches and ATMs nationwide.