Wells Fargo Branch Investment
For Sale
Contact for pricing
1832 E Allegheny Ave, Philadelphia, PA 19134
Long-term investment opportunity with investment-grade credit and stable lease structure.
Property Size1,380 SF
Price / SF$1,349
Days on Market148
Property Features for 1832 E Allegheny Ave
General Information
Standard status
Active
Size
1,380 SF
Class
B
Total Parking Spaces
20
Property subtype
Retail, Special Purpose
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$121,000
Building Details
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Matthew Gorman · License #PA RS287470
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,685
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.4 miles
Bank of America
Shops & Services
3,144 visits/mo
0.1 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
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.
