Freestanding Retail
New
For Sale
Contact for pricing
600 Lincoln Highway, Fairless Hills, PA 19030
Vacant former pharmacy facility with adaptable retail space, on-site parking, and multiple access points.
Property Size14,814 SF
Lot Size2.15 Acres
Price / SF$200.15
Days on Market7
Property Features for 600 Lincoln Highway
General Information
Standard status
Active
Size
14,814 SF
Total Parking Spaces
50
Lot size
2.15 Acres
Property subtype
Retail
Zoning
SC, Shopping Center Commercial
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Year Built
2004
Buildings
1
Stories
1
Units
1
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Matthew Gorman · License #PA RS287470
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 5:26PM
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 freestanding retail property contains 14,814 square feet on a 2.15-acre corner parcel at 600 Lincoln Highway in Fairless Hills, Pennsylvania. Constructed in 2004 and renovated over time, the building retains a functional former pharmacy configuration with on-site parking and multiple points of ingress and egress.
The property is positioned along Lincoln Highway, identified in the source information as U.S. Route 1, and is zoned SC, Shopping Center Commercial. Rite Aid was the most recent occupant before the building became vacant in late 2025. The existing layout and commercial zoning provide a foundation for continued retail occupancy or other supported commercial applications, including medical and service-oriented uses.
The property is positioned along Lincoln Highway, identified in the source information as U.S. Route 1, and is zoned SC, Shopping Center Commercial. Rite Aid was the most recent occupant before the building became vacant in late 2025. The existing layout and commercial zoning provide a foundation for continued retail occupancy or other supported commercial applications, including medical and service-oriented uses.
Key Highlights
- 14,814‑square‑foot freestanding retail building
- 2.15‑acre corner parcel at 600 Lincoln Highway
- Zoned SC, Shopping Center Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$230,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,606,460
$4.6M
Cap Rate 7%
$3,290,329
$3.3M
Cap Rate 9%
$2,559,144
$2.6M
Market Conditions
NOI Build-Up for 14,814 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$325.3K $21.96/SF
− Vacancy
−$18.2K −$1.23/SF
EGI
$307.1K $20.73/SF
− OpEx
−$76.8K −$5.18/SF
NOI
$230.3K $15.55/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,606,460
Cap Rate 7%
$3,290,329
Cap Rate 9%
$2,559,144
Alternative Uses
Best Use
Specialty Retail
$3.29M
$2.88M – $3.84M
NOI $230,323 @ 7.0% cap · market cap 7.77%
Second Best
Retail
$3.07M
$2.69M – $3.58M
NOI $214,968 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,402 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
368k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Apparel 25%
Superstores 17%
Home Improvements & Furnishings 15%
BJ's Wholesale Club
Superstores
63,089 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
60,005 visits/mo
0.4 miles
The Home Depot
Home Improvements & Furnishings
52,226 visits/mo
0.3 miles
OfficeMax
Office Supplies
33,404 visits/mo
0.5 miles
Barnes & Noble
Shops & Services
30,777 visits/mo
0.5 miles
Demographics for 19030, PA
12,504
Population
4,782
Households
2.6
Avg Household Size
44
Median Age
23%
College-Educated
94%
High-School Grad
5.1 sq mi
ZIP Area
2,452
Density / Sq Mi
$92,411
Median Household Income
$46,472
Median Earnings
$1,259
Median Rent
$344,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant former pharmacy facility with adaptable retail space, on-site parking, and multiple access points.
Where is this retail space located?
The property is located at 600 Lincoln Highway Fairless Hills, PA.
What is the asking price?
The asking price for this property is $2,965,000.
What are key features of this property?
This property features: 14,814‑square‑foot freestanding retail building; 2.15‑acre corner parcel at 600 Lincoln Highway; Zoned SC, Shopping Center Commercial
