800 Lincoln Hwy Coatesville, PA 19320
- Retail properties
- 14,800 SF
- 1.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 800 Lincoln Hwy
- Year built
- 2011
- Lot size
- 1.30 lot acres
- Property size
- 14,800 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple ground lease to Walgreens, sublet to Dollar Tree, a Fortune 500 company. The property, located at 800 Lincoln Highway East in Coatesville, Pennsylvania (Chester County, zip code 19320), encompasses 14,800 square feet on a 1.3-acre lot. Built in 2011, this Class A retail building boasts a 100% occupancy rate, with Dollar Tree operating under a 25-year absolute NNN lease commencing July 31, 2011, and expiring July 30, 2036. The remaining lease term is approximately 11.7 years. The property features a strong cap rate of 7.46% and a current NOI of $209,000, with an asking price of $2,800,000 ($189.19 per square foot). The lease includes 10% rent increases every 10 years. The property is zoned commercial and benefits from its location in a high-income area, with an average household income exceeding $101,000 and a population exceeding 71,000 within a 5-mile radius. Coatesville's strategic location offers proximity to Wilmington, Delaware (26 miles), Philadelphia International Airport (41 miles), and Philadelphia (43 miles). This is a rare opportunity to acquire a stable, high-performing retail investment with a long-term lease and significant upside potential. The ground lease also expires July 30, 2036, with approximately 12.2 years remaining.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coatesville
- County
- Chester
- State
- Pennsylvania
- Longitude
- -75.8079
- Latitude
- 39.9852
