1020 Lincoln Ave

Investment Highlights

9.5% CAP rate - Great investment with a brand new 10 year NNN lease commencing at settlement as a sale leaseback Turnkey bakery allows for hands off/absentee ownership Great location - just minutes from the Philadelphia Airport Long-time family owned bakery with 50+ years 136,311 people within 3 mile radius Business also for sale grossing $15,500 per week

Executive Summary

Longtime established and thriving, turn-key bakery in Delaware County. This real estate investment sale will provide a Long Term (10 year) NNN lease with 3% annual increases plus 2 apartments. Estimated initial gross income from the building will be $88,400. This family owned and operated business has been operating with over 50 years of experience! This bakery is conveniently located in a (+/-) 5,600 SF free, standing building on the heavily traveled Route 420 which is the main street for Prospect park with 15,659 +/- ADT and 26,916 ADT on Chester Pike. The Building is in excellent condition and operates the bakery in the entire first floor and part of the 2nd floor. There are also two residential apartments on the 2nd floor. Both are well kept. One is being used by the bakery for storage. Excellent demographics ? 129,134 people within 3 mile radius and an average household income of $101,919. This property is just off route 95 and route 476 and has easy access to the entire Delaware Valley and Southern New Jersey. Most of the tenants that have occupied the apartments are airline pilots and employees since it is also within minutes of the Philadelphia Airport. The long-time bakery business is also currently for sale. It can be purchased on its own or together with the purchase of the building. Terrific investment opportunity with a brand new long term lease commencing at settlement.

• Sale Type    Investment or Owner User
• Sale Condition    Sale Leaseback
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Fast Food General Retail Freestanding General Retail Storefront Storefront Retail/Residential
• Building Size    5,092
• Building Class    C
• Year Built/Renovated    1950/2022
• Price    795,000
• Price Per SF    156
• Cap Rate    9.32
• NOI    74,080
• Percent Leased    17
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.56
• Land Acres    0.21 AC

• Bus Line
• Commuter Rail
• Pylon Sign
• Security System
• Signage
• Storage Space