Malvern, PA 19355,210 W LANCASTER AVE
Malvern, PA 19355,210 W LANCASTER AVE
Malvern, PA 19355,210 W LANCASTER AVE
Malvern, PA 19355,210 W LANCASTER AVE
Malvern, PA 19355,210 W LANCASTER AVE
Malvern, PA 19355,210 W LANCASTER AVE
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$1,100,000

$1,200,000

8.3%
Est.Price: ?

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Est. payment /mo

2,640 SqFt


SOLD DATE : 04/11/2024

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 2,640 sqft

Price per Sqft $416

MLS Listing ID PACT2060820

Sold Date 04/11/24

Originating Board BRIGHT

Year Built 2006

Annual Tax Amount $14,340

Tax Year 2023

Lot Size 0.469 Acres

Acres 0.47

Lot Dimensions 0.00 x 0.00

Property Description

Excellent commercial opportunity to purchase a single tenant absolute NNN leased asset occupied by Dunkin Donuts since 2006. Tenant is in their 2nd renewal term, with 2 additional renewal terms through 2036. This property is situated on 20,410 square feet of land and contains approx. 2,640 square feet of net leasable area with drive-through. The Tenant has a land lease with Norfolk RR for a small portion of land in the rear allowing the ability for the drive thru on the property. Located at 210 W. Lancaster Avenue in East Whiteland Township, this property sits right along a busy stretch of business Rt.30 in Malvern across from major retailers such as Giant Foods, Dollar Tree, Wine & Spirits, etc. This is a rare opportunity to acquire a stand along single tenant absolute NNN leased investment occupied by one of the most recognizable coffee brands in the world.

Since 1950, the number of Dunkin’ Donuts restaurants has increased to more than 12,000 worldwide, with locations in 45 countries. The company serves approximately 1.9 billion cups of hot and iced coffee every year, with standards for coffee excellence that are among the best in the industry. Over the long-term, the company plans to more than double its U.S. presence, which will put the total number of restaurants above 17,000.

Location

State PA

County Chester

Area East Whiteland Twp (10342)

Zoning FC

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility Level Entry - Main

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Great Valley

Others

Tax ID 42-04 -0317.0200

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Lisa Pilotti Campbell • Metric Realty
Bought with Lisa Pilotti Campbell • Metric Realty
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