$1,100,000
$1,200,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
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
Parking Type Parking Lot
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Lisa Pilotti Campbell • Metric Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "