601 Pottstown Pike Exton, PA 19341-1660

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased bank building occupied by Key Bank, the 17th largest US bank by revenue. Located in Exton, Pennsylvania, a high-income suburb of Philadelphia, this property boasts a prime location at a busy, signalized intersection on Pottstown Pike, a major six-lane thoroughfare with an impressive 45,264 average daily traffic count. The 3,575 square foot building features a double drive-thru and drive-up ATM, providing excellent visibility and accessibility. The current lease with Key Bank has a remaining term of 8.3 years, with three 5-year renewal options, and includes a recently executed early extension. The lease features a 2% annual rent increase after year two, ensuring consistent income growth. The property also includes 33 parking spaces and sits on a 0.8-acre lot. With a strong tenant, a desirable location, and a substantial remaining lease term, this property offers a compelling investment opportunity with a 6.50% cap rate and a net operating income (NOI) of $175,000. Exton's thriving economy, high average household income, and strong population growth further enhance the property's long-term value. The property's location near major retailers and high-quality schools adds to its appeal. This is a rare opportunity to acquire a stable, high-performing asset in a prime location. The asking price is $2,692,000, representing a price per square foot of $753.01. The property's strong financials, coupled with its strategic location and credit-rated tenant, make it an ideal investment for both individual and institutional investors.