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Former Bank Branch 101 Lancaster Ave 4,068 SF of Retail Space Available in Malvern, PA 19355
HIGHLIGHTS
- ±4,100 SF retail property for lease on 3.11 acres
- Located at a signalized corner on a 3.11 AC parcel along the busy Lancaster Avenue/Route 30 corridor
- Free standing building with drive-thru
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste Former Bank Branch | 4,068 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor, Ste Former Bank Branch
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS
| Total Space Available | 4,068 SF | Gross Leasable Area | 4,068 SF |
| Property Type | Retail | Year Built | 2005 |
| Property Subtype | Bank |
| Total Space Available | 4,068 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,068 SF |
| Year Built | 2005 |
ABOUT THE PROPERTY
Located 27 miles northwest of Center City Philadelphia, Malvern, PA is nestled in the heart of Chester County and is home to the corporate headquarters of Vanguard, one of the world’s largest investment management companies. Malvern boasts the award-winning Great Valley School District, easy access to SEPTA/Amtrak via the Malvern and Paoli stations, and convenient proximity to major highways such as U.S. Route 202, Interstate 476, and Interstates 76 and 276 (PA Turnpike). Built in 2005, this former TD Bank property offers prospective tenants the unique ability to enter a dynamic area at a signalized corner on a large parcel (over 3 acres) along the busy Lancaster Avenue/Route 30 corridor, which sees over 25,000 cars per day passing the site. Area retailers include many national tenants such as Target, Wegmans, Chipotle, McDonald’s, Wells Fargo, and Dunkin’.
NEARBY MAJOR RETAILERS
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Former Bank Branch | 101 Lancaster Ave
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