800 E Lincoln Hwy - Drug Store FOR SALE


Coatesville, PA 19320
$2,700,000 USD
949-419-3235
800 E Lincoln Hwy, Coatesville, PA for Sale
$2,700,000 USD
Drug Store - FOR SALE
1/3
null | 7.74% Cap Rate

800 E Lincoln Hwy
Coatesville, PA 19320


HIGHLIGHTS

  • Absolute Net Ground Lease No Landlord Responsibility
  • 10% Rent Increases Every 10 Years
  • 12 Years Left on Initial Term
  • Corporate Walgreens Lease Guarantee
  • Coatesville is Located in Chester County, Pennsylvania, the Highest- Income County and One of the Fastest Growing in the State.
  • Average Household Income Exceeds $101,000

OVERVIEW

Marcus & Millichap is please to offer sale a fee simple ground lease to the Walgreens corporation. Walgreens is currently sub leasing the building to Dollar Tree, one of the largest discount dollar stores in the country. Walgreens currently has 12 years firm remaining on the lease with a right to terminate every 5 years thereafter until 2086. Dollar Tree has occupied the building since 2022. Dollar Tree is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

DOLLAR TREE (SUBLET FROM WALGREENS)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

CROSS STREETS

8th St

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

PS

APN/PARCEL ID

16-006-0603.0200

ASK ABOUT THIS PROPERTY

Michael WoolbrightMarcus & MillichapMore Info
949-419-3235

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Michael WoolbrightMarcus & MillichapMore Info
949-419-3235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.