365 W Lancaster Ave - Freestanding FOR SALE
Wayne, PA 19087 |
$2,388,571 USD
215-531-7026
365 W Lancaster Ave
Wayne, PA 19087
HIGHLIGHTS
- The property is leased to Enterprise Rent-A-Car, a top-tier, globally recognized tenant with a corporate guarantee and a long operating history
- Lease features consistent rent escalations, including a 10% increase starting in 2025 and 8% increases in each renewal option period
- Situated in Wayne, PA, the property is surrounded by a population of 58,192 within a 3-mile radius
- Located on Lancaster Avenue, the property sees 23,300 vehicles per day (VPD)
FOR SALE DETAILS
PRICE
$2,388,571 USD
PRICE/SF
$1,204 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Enterprise Rent A Car
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
CO
APN/PARCEL ID
36-01-00537-00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
215-531-7026
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
215-531-7026
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
