490 40th Foot Rd Lansdale, PA 19446-4016

Property Details for 490 40th Foot Rd

Year built

2000

Lot size

1.17 lot acres

Property size

4,049 SF

Zone code

C

Property type

Banks

APN

53-00-03064-00-6

APU

530003064006

Description

This exceptional investment opportunity presents a fee-simple ownership of a single-tenant, 4,004 square foot retail building currently leased to Penn Community Bank. Located at 490 Forty Foot Rd, Lansdale, PA 19446, this property boasts a prime location on a signalized intersection with high traffic counts (approximately 35,844 ADT). The 1.17-acre lot provides ample parking (25 spaces) for customers. The building, constructed in 2000, is a one-story structure with commercial zoning (C). The current lease, a modified triple-net (NNN) agreement, commenced June 18, 2021, and expires June 17, 2031, with a remaining term of 6.5 years. The lease includes three 5-year renewal options and features a 10% rent increase every five years. The tenant, Penn Community Bank, is a financially stable institution with over $2.5 billion in assets, providing a strong corporate guarantee. The property's net operating income (NOI) is $120,000, resulting in a 6.50% cap rate. The asking price is $1,846,154. The property benefits from its proximity to major retailers, including a Whole Foods anchored lifestyle center, and is conveniently located near the Lansdale Interchange on the PA Turnpike's Northeast Extension. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential.