200 LANCASTER AVE Frazer PA 19355-1802

CBRE is pleased to exclusively present for sale this KeyBank property located on Lancaster Avenue in Malvern, Pennsylvania.​ This 7,651-square-foot KeyBank property sits on a spacious 1.1-acre parcel and features three drive-thru lanes.​ The site offers excellent visibility and dual access points from both Lancaster Avenue (Route 30) and South Malin Road, ensuring seamless traffic flow for customers.​ KeyBank has operated at this location since 2006 and has demonstrated long-term commitment by continuing to renew its lease.​ Most recently, the tenant opted into a 5-year lease extension beginning February 9, 2026, extending the lease through February 28, 2031.​ With 4+ years of term remaining and two additional 5-year renewal options, KeyBank has secured its presence at this highly visible, signalized corner property with multiple access points well into the future.​

The lease is corporately guaranteed, NNN with zero landlord responsibilities, and includes 15% rental increases at the start of each renewal period, ensuring consistent income growth.​ Unlike many ground lease bank properties, this build-to-suit location offers tax shelter through depreciation, further enhancing investor returns.​

Strategically located along Lancaster Avenue (Route 30), a major retail corridor, the property benefits from prime frontage, a signalized intersection, and multiple points of ingress and egress, maximizing accessibility and exposure.​

LONG-TERM, STABLE INVESTMENT

KeyBank has demonstrated strong commitment to this location—not only did they renew their lease, but they did so early and with zero concessions. The new lease comes with a 5-year extension with 15% rental increases in each of the five (5) year options, ensuring steady income growth and long-term upside potential

NNN LEASE WITH NO LANDLORD RESPONSIBILITIES

The property is secured by a corporately guaranteed NNN lease with no landlord responsibilities or expenses, providing investors with stable, passive income from a high-credit tenant, KeyBank (NYSE: KEY), rated BBB+ by Standard & Poor’s.

3 DRIVE THRU LANES ON AN EXCELLENT SIGNALIZED CORNER

KeyBank occupies a high-end, 7,651 SF brick-and-glass building with three drive-thru lanes, providing both durability and modern appeal. The property is positioned at a signalized hard corner with multiple points of ingress and egress, ensuring excellent visibility and accessibility.

PREMIUM "MAIN LINE" LOCATION IN THE #1 WEALTHIEST COUNTY IN PA

Located on Route 30 in Malvern, PA, within the heart of Philadelphia’s Main Line, this property offers exceptional visibility and accessibility in the wealthiest county in Pennsylvania. The area boasts affluent demographics with an average household income exceeding $200,000 within a one-mile radius and surpassing $191,184 within three miles. Malvern's thriving economic base is surrounded by 88,000+ residents within five miles, ensuring a robust and lucrative customer base.

HIGH-TRAFFIC RETAIL CORRIDOR

Positioned on Lancaster Avenue (Route 30), a key artery and retail corridor with traffic counts exceeding 13,000 vehicles per day. The property is located across from the Lincoln Court Shopping Center, which sees 1.5M visitors per year (via Placer.ai), and includes several retailers like Giant, Dollar Tree, Club Pilates, Dairy Queen, Firehouse Subs, Wine & Spirits, and more.

DEPRECIATION BENEFITS

Unlike many ground lease bank properties, this build-to-suit structure offers tax advantages through depreciation, enhancing after-tax returns for investors. Consult with a tax professional for more information.

This KeyBank occupies a large 7,651 square foot, high-end brick and glass building with 3 drive-thru lanes. It is situated on the main throughway Lancaster Avenue, with excellent access and visibility for over 18,000 vehicles traveling by daily. This property also offers below market rent, as KeyBank is currently paying $12.65 per square foot which is well below the market and they have no options to extend the lease. Situated in Malvern, Pennsylvania, part of Philadelphia's 'Main Line', this area boasts excellent demographics. There are 6,188 people and average household incomes over $133,000 within 1 mile of the site, 32,625 people and average house incomes over $155,000 within 3 miles and 82,146 people and average household incomes over $155,000 within 5 miles. KeyBank is ideally situated on Lancaster Avenue (Route 30), a main artery and retail corridor with national tenants in close proximity that include Target, Wegman’s, Panera, FedEx, Petvalu, Verizon, Giant (Ahold), Planet Fitness, Firestone, Dollar Tree and Dunkin Donuts to name a few. This is a rare investment opportunity offering a small price point, exceptional location, investment grade credit, 7 years of lease term, rental increases and upside to be realized in the future.

• RARE INVESTMENT OPPORTUNITY
  Small price point, exceptional location, investment grade credit, 7 years of lease term, rental increases and upside to be realized in the future
  
  
• INVESTMENT GRADE CREDIT
  KeyBank, rated A- by Standard & Poor's, executed a corporately guaranteed NNN lease with no landlord responsibilities or expenses
  
  
• SHORT-TERM RENTAL GROWTH
  There is a contractual 5% rental increase upcoming in January 2021 increasing the yield by 30bps+
  
  
• IRREPLACEABLE MAINLINE LOCATION
  Excellent visibility and access from a signaled hard corner on Rte. 30 in Malvern, PA - Part of Philadelphia's Main Line, which includes some of the wealthiest communities in the country
  
  
• UPSIDE/BELOW MARKET RENT
  KeyBank is currently paying $12.65 per square foot which is well below the market and they have no options to extend the lease
  
  
• EXCEPTIONAL DEMOGRAPHICS
  Affluent and densely populated market with the average household income over $133,000 within 1 mile, over $155,000 within 3 miles, population density over 82,000 people within 5 miles of the site and positive population growth in the 1,3 and 5 mile rings
  
  
• MAIN RETAIL CORRIDOR
  Situated on Lancaster Avenue (Route 30), a main artery and retail corridor with traffic counts over 18,000 vehicles per day and national tenants in close proximity that include Target, Wegman’s, Panera, FedEx, Petvalu, Verizon, Giant (Ahold), Planet Fitness, Firestone, Dollar Tree and Dunkin Donuts to name a few
  
  
• SUPERIOR CONSTRUCTION
  KeyBank occupies a large 7,651 square foot, high-end brick and glass building with 3 drive-thru lanes
  
  
• DEPRECIATION
  Unlike the majority of ground lease banks on the market this is a build-to-suit that offers tax shelter through deprecation, increasing after tax returns