Corner Bank Ground-Lease
For Sale
Contact for pricing
Pending
4610 City Ave, Philadelphia, PA 19131
FDIC-insured Bank of America offered on a triple-net ground lease with multiple renewal options and periodic rent escalations.
Property Size4,387 SF
Days on Market121
Property Features for 4610 City Ave
General Information
Standard status
Pending
Size
4,387 SF
Property subtype
Retail
Lease Type
NNN
Additional Details
Lease Term
72 months
Traffic Count
50,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Mark Taylor · License #PA AB050069L
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 9 at 3:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This NNN ground lease sale features a 4,387-square-foot Bank of America branch building. The property was awarded LEED certification at the Silver level by the U.S. Green Building Council in 2010. The lease structure includes six years remaining on the base term and four, five-year options, with 12% escalations every five years during the base term and 15% increases in each option renewal.
The bank is located on a corner along City Avenue, benefiting from traffic counts reported at over 50,000 vehicles per day in front of the property. The site is directly across from a grocery-anchored Bala Cynwd Shopping Center that is undergoing a $30 million transformation. It is also approximately half a mile from the Township’s largest office complex, a 2.6 million-square-foot mixed-use development that includes retail, restaurant, hotel, office, multi-family residential uses, and more than 500,000 square feet of green space.
For tenant and customer draw, the immediate area is described as having major retail and office users, and includes large employment and population figures within the stated five-mile trade area.
The bank is located on a corner along City Avenue, benefiting from traffic counts reported at over 50,000 vehicles per day in front of the property. The site is directly across from a grocery-anchored Bala Cynwd Shopping Center that is undergoing a $30 million transformation. It is also approximately half a mile from the Township’s largest office complex, a 2.6 million-square-foot mixed-use development that includes retail, restaurant, hotel, office, multi-family residential uses, and more than 500,000 square feet of green space.
For tenant and customer draw, the immediate area is described as having major retail and office users, and includes large employment and population figures within the stated five-mile trade area.
Key Highlights
- 4,387‑square‑foot Bank of America building in Philadelphia, PA on a triple‑net (NNN) ground lease.
- Lease structure: six years remaining on base term plus four, five‑year options; 12% escalations every five years during base.
- Option renewals include 15% rent increases in each of the option periods.
Property Analytics
Current Use
Lease Details
50,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,720
Businesses Nearby
262k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 33%
Groceries 20%
Apparel 4%
ACME Markets
Groceries
52,911 visits/mo
0.0 miles
McDonald's
Dining
26,630 visits/mo
0.4 miles
Michaels
Shops & Services
21,334 visits/mo
0.0 miles
Lukoil
Shops & Services
20,427 visits/mo
0.2 miles
Olive Garden
Dining
17,249 visits/mo
0.0 miles
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - FDIC-insured Bank of America offered on a triple-net ground lease with multiple renewal options and periodic rent escalations.
Where is this bank located?
The property is located at 4610 City Ave Philadelphia, PA.
What are key features of this property?
This property features: 4,387‑square‑foot Bank of America building in Philadelphia, PA on a triple‑net (NNN) ground lease.; Lease structure: six years remaining on base term plus four, five‑year options; 12% escalations every five years during base.; Option renewals include 15% rent increases in each of the option periods.
