PNC Bank NNN Property For Sale — Philadelphia, PA
150 West Chelten Avenue, Philadelphia, PA 19144
This is a prime investment opportunity for a single-tenant, multi-story, net leased PNC Bank branch located in the historic Germantown neighborhood of Philadelphia, PA. The property operates under an absolute NNN lease, offering investors passive income with no landlord obligations. PNC Bank, an investment-grade tenant with a strong corporate guarantee, is currently in the first year of a 5-year extension with one additional 5-year extension option remaining. The building features a ground floor with additional second-floor space and 9 private, off-street parking spaces. Germantown is a culturally rich neighborhood about 8 miles northwest of center city Philadelphia, with excellent access to public transportation and close proximity to LaSalle University.
- Address: 150 West Chelten Avenue, Philadelphia, PA 19144
- Asking price $1.57M
- 6.21% cap rate
- NOI $97,784
- 5 years remaining
- NNN lease
- Year built: 1957
- Building size: 6,250 SF
- Lot size: 0.37 acres
- Guarantor: Corporate
Location
This PNC Bank property is at 150 West Chelten Avenue in Philadelphia, Pennsylvania.
Asset type: Retail