Triple Net (NNN) Leased PNC Bank For Sale

NNN Lease Investment properties

NNN Net Leased PNC Bank 

Asking Price $6,285,714 | CAP Rate 7%

3607 West Chester Pike | Newton Square, PA

LEASE SUMMARY

NOI $440,000 Rentable SF 3,679 +/- Land Area 1.1 Acres Ownership Type Fee Simple Credit Rating S&P: A+ Parking Spaces 25 Spaces

Lease Type NNN Lease Term 15 years Lease Commencement May 2007 Lease Expiration April 2022 Increases 10% @ 10 years Options Three (3), Five (5) Year

INVESTMENT HIGHLIGHTS Debt must be assumed (5.71%, 30 Year Amort, Due in 2016) High Traffic Count Irreplaceable Location (38,000 VPD) S&P A+ Rated Tenant (Ticker: PNC) NNN Absolute Net Ground Lease No Landlord Responsibilities Philadelphia MSA 10.5 Years remaining on Lease 10% Increase in 5 Years DEBT Assumable financing at 5.71%, 30 Year Amortization due 12/16 comes with the property. Balance as of August 2011 is $4,476,837 and the balance at maturity is $3,985,000. Debt must be assumed. EQUITY REQUIRED $1,808,877
INVESTMENT HIGHLIGHTS Debt must be assumed (5.71%, 30 Year Amort, Due in 2016) High Traffic Count Irreplaceable Location (38,000 VPD) S&P A+ Rated Tenant (Ticker: PNC) NNN Absolute Net Ground Lease No Landlord Responsibilities Philadelphia MSA 10.5 Years remaining on Lease 10% Increase in 5 Years DEBT Assumable financing at 5.71%, 30 Year Amortization due 12/16 comes with the property. Balance as of August 2011 is $4,476,837 and the balance at maturity is $3,985,000. Debt must be assumed.

You may visit our website www.calkain.com to view the entire NNN Leased Investment Properties  For More information Contact:
Michael O'Mara Vice President 617.744.9115 momara@calkain.com	Richard Murphy Managing Director781.694.0410 rmurphy@calkain.com