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DOLLAR TREE (SUBLET FROM WALGREENS) 800 E Lincoln Hwy

14,800 SF 4-Star Retail Building Coatesville, PA 19320 $2,800,000 ($189/SF) 7.46% Cap Rate

Drug Stores Pennsylvania Coatesville 800 E Lincoln Hwy, Coatesville, PA 19320

Investment Highlights

  • Absolute Net Ground Lease No Landlord Responsibility
  • 12 Years Left on Initial Term
  • Coatesville is Located in Chester County, Pennsylvania, the Highest- Income County and One of the Fastest Growing in the State.
  • 10% Rent Increases Every 10 Years
  • Corporate Walgreens Lease Guarantee
  • Average Household Income Exceeds $101,000

Executive Summary

Marcus & Millichap is please to offer sale a fee simple ground lease to the Walgreens corporation. Walgreens is currently sub leasing the building to Dollar Tree, one of the largest discount dollar stores in the country. Walgreens currently has 12 years firm remaining on the lease with a right to terminate every 5 years thereafter until 2086. Dollar Tree has occupied the building since 2022. Dollar Tree is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,800 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2011
Price
$2,800,000
Price Per SF
$189
Cap Rate
7.46%
NOI
$209,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.30 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
PS - The purpose of PS zoning is to serve the general community
Parking
26 Spaces
Frontage
255 FT on Lincoln Highway East

Amenities

  • Security System
  • Signage
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Dollar Tree
  • Retailer
  • 14,800 SF
  • -
  • Triple Net
  • -
  • Retailer
  • 14,800 SF
  • -
  • Triple Net
  • Jul 2036

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Dollar Tree Retailer 14,800 SF - Triple Net -
Retailer 14,800 SF - Triple Net Jul 2036
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PROPERTY TAXES

Parcel Number 16-006-0603.0200 Improvements Assessment $1,190,530
Land Assessment $53,720 Total Assessment $1,244,250

PROPERTY TAXES

Parcel Number
16-006-0603.0200
Land Assessment
$53,720
Improvements Assessment
$1,190,530
Total Assessment
$1,244,250
(949) 419-3235

Contacts

  • Listing ID: 31654673

  • Date on Market: 4/30/2024

  • Last Updated:

  • Address: 800 E Lincoln Hwy, Coatesville, PA 19320

More public record information on 800 E Lincoln Hwy, Coatesville, PA 19320

The Retail Property at 800 E Lincoln Hwy, Coatesville, PA 19320 is currently available for sale. Contact Marcus & Millichap for more information.

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DOLLAR TREE (SUBLET FROM WALGREENS) | 800 E Lincoln Hwy
(949) 419-3235 x

DOLLAR TREE (SUBLET FROM WALGREENS) | 800 E Lincoln Hwy

1/2

Michael Woolbright

(949) 419-3235

(949) 419-3235

Timothy Stephenson

(331) 228-9188

(331) 228-9188

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