Wells Fargo Branch Investment
1832 E Allegheny Ave, Philadelphia, PA 19134
Call to check price and availability
Long-term investment opportunity with investment-grade credit and stable lease structure.
Type:Retail, Special Purpose
Property size:
1,380 SFPrice / SF:
$1,349/SF- Added:
- Mar 17, 2026
- Days on Market:
- 57
- Last Refresh:
- Mar 19 at 11:58 pm
Property Features for 1832 E Allegheny Ave
General Information
- Standard status
- Active
- Size
- 1,380 SF
- Property subtype
- Retail, Special Purpose
Listing agent Matthew Gorman License #PA RS287470
Listing office CBRE - Philadelphia Suburban (484) 567-2340
Listing date Mar 17, 2026
Source Crexi
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HighLights
- Investment‑grade credit tenant (Wells Fargo, A+ rated) with a corporate guarantee ensures a secure and reliable income stream.
- Absolute‑net ground lease (NNN*) structure provides a truly passive investment with no landlord responsibilities.
- Recent lease extension (5 years with four 5‑year options) demonstrates Wells Fargo's commitment.
- 10% rental increases every 5 years, including option periods, offer significant potential for yield growth.
- High‑performing branch with strong deposit history and 24‑hour ATM access.
- Strategically located in a dense Philadelphia trade area with high visibility on Allegheny Ave (14,000+ VPD).
Overview
This Wells Fargo branch is a long-term investment opportunity. The property is backed by investment-grade credit and features a stable lease structure. The property benefits from a corporate guarantee by Wells Fargo Bank, NA, an A+ rated financial institution. The absolute-net ground lease structure eliminates landlord responsibilities. Wells Fargo has occupied this property since 2015 and recently extended their lease for another 5 years with no concessions, with four 5-year option periods remaining. The tenant is responsible for all common area maintenance, real estate taxes, and insurance costs under the passive NNN* lease structure. The landlord is only responsible for maintaining their own liability insurance, which is not reimbursed by the tenant. The NNN* lease also includes 10% rental increases every 5 years, including in each of the four 5-year option periods. This branch has a strong deposit history and 24-hour customer access via an on-site ATM. The property also features enhanced security measures, requiring a Wells Fargo debit or credit card swipe/tap for entry. The property is strategically positioned in a dense and growing Philadelphia trade area and benefits from strong demographics and convenient accessibility. Wells Fargo fronts on Allegheny Ave (14,000+ VPD), and is adjacent to a Bank of America branch. The property size is 1380 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1129971
- Latitude
- 39.9955795
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - Long-term investment opportunity with investment-grade credit and stable lease structure.
Where is this bank located?
The property is located at 1832 E Allegheny Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,862,000.
What are key features of this property?
This property features: Investment‑grade credit tenant (Wells Fargo, A+ rated) with a corporate guarantee ensures a secure and reliable income stream.; Absolute‑net ground lease (NNN*) structure provides a truly passive investment with no landlord responsibilities.; Recent lease extension (5 years with four 5‑year options) demonstrates Wells Fargo's commitment.
