KeyBank Drive-Thru Bank
For Sale
Contact for pricing
200 Lancaster Ave, Malvern, PA 19355
Established bank facility with signalized-corner exposure, dual access, and a corporate NNN lease structure.
Property Size7,651 SF
Lot Size1.10 Acres
Price / SF$381.21
Days on Market193
Property Features for 200 Lancaster Ave
General Information
Standard status
Active
Size
7,651 SF
Total Parking Spaces
38
Lot size
1.10 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$175,000
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Road Access
Yes
Building Details
Year Built
1992
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Matthew Gorman · License #PA RS287470
(484) 567-2340
Source:
Crexi
Added: Apr 7
Changed: Sep 30
Last Checked: Oct 14 at 7:59PM
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
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Investment Insights
Based on property information with market context.
The 7,651-square-foot bank facility was built in 1992 on a 1.1-acre parcel and includes three drive-thru lanes. KeyBank has operated from the site since 2006, providing an established operating history for the property. The building is configured as a build-to-suit bank location with a corporate lease guarantee and NNN terms that assign zero landlord responsibilities.
Access is available from Lancaster Avenue, also designated Route 30, and South Malin Road. The property occupies a signalized corner along a major retail corridor, with multiple ingress and egress points supporting customer access and visibility. The lease was extended for five years beginning February 9, 2026, and runs through February 29, 2031, with two additional five-year renewal options. Rental increases of 15% apply at the start of each renewal period.
Access is available from Lancaster Avenue, also designated Route 30, and South Malin Road. The property occupies a signalized corner along a major retail corridor, with multiple ingress and egress points supporting customer access and visibility. The lease was extended for five years beginning February 9, 2026, and runs through February 29, 2031, with two additional five-year renewal options. Rental increases of 15% apply at the start of each renewal period.
Key Highlights
- 7,651‑square‑foot bank facility on a 1.1‑acre parcel
- Three drive‑thru lanes serving the bank facility
- Dual access from Lancaster Avenue (Route 30) and South Malin Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,473
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,460
$1.7M
Cap Rate 7%
$1,235,329
$1.2M
Cap Rate 9%
$960,811
$960.8K
Market Conditions
NOI Build-Up for 7,651 SF
Gross rent
$137.7K $18.00/SF
− Vacancy
−$14.2K −$1.85/SF
EGI
$123.5K $16.15/SF
− OpEx
−$37.1K −$4.84/SF
NOI
$86.5K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,729,460
Cap Rate 7%
$1,235,329
Cap Rate 9%
$960,811
Alternative Uses
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,473 @ 7.0% cap · market cap 2.96%
Second Best
Specialty Retail
$1.08M
$944.4K – $1.26M
NOI $75,551 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,379 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 37%
Dining 15%
Beauty & Spa 3%
Dollar Tree
Shops & Services
22,930 visits/mo
0.2 miles
Giant Food Store
Groceries
22,901 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,996 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
3,238 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
2,578 visits/mo
0.2 miles
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - Established bank facility with signalized-corner exposure, dual access, and a corporate NNN lease structure.
Where is this bank located?
The property is located at 200 Lancaster Ave Malvern, PA.
What is the asking price?
The asking price for this property is $2,916,666.
What are key features of this property?
This property features: 7,651‑square‑foot bank facility on a 1.1‑acre parcel; Three drive‑thru lanes serving the bank facility; Dual access from Lancaster Avenue (Route 30) and South Malin Road
