217 Lancaster Ave Wayne, PA 19087-3526

This exceptional investment opportunity presents a fee-simple, 3,640 square foot retail condominium in Wayne, Pennsylvania, currently 100% occupied by Bank of America under an absolute NNN lease. The property boasts a strong 6.25% cap rate, with a substantial Net Operating Income (NOI) of $420,223. The lease, originally commencing December 16, 2006, has a remaining term of 2.1 years, followed by 4-5 year renewal options. Rent increases are structured with a 10% bump every five years or a five-year CPI adjustment, ensuring consistent income growth. The property is situated on a 0.62-acre lot with 38 parking spaces and is zoned for commercial use. Built in 2006, this Class B property benefits from a credit-rated tenant with a corporate guarantee, minimizing landlord responsibilities. Located at 217 E Lancaster Ave, Wayne, PA 19087, this asset offers a stable, passive income stream in a prime location within the affluent Main Line region, just 12 miles from downtown Philadelphia. The property's strategic location benefits from high daily traffic volume.