Corner Bank Ground-Lease
4610 City Ave Philadelphia, PA 19131
4610 City Ave, Philadelphia, PA, 19131
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market103
Property Features for 4610 City Ave
General Information
- Standard status
- Pending
- Size
- 4,387 SF
- Property subtype
- Retail
Listing agency
Horvath & Tremblay
Listed by
Mark Taylor · License #PA AB050069L
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 3:10PM Checked: Jul 21 at 3:10PM
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
Location Intelligence
Current Use by Public Records
Bank of America ATM ...
Atm
Bank of America (with ...
Bank
Philadelphia Appliance Repair ...
Home Appliance Store
Bank of America Mortgage
Loan Service
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FAQs
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.
