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DriveTime | Langhorne, PA 1816 E Lincoln Hwy 4,320 SF Retail Building Langhorne, PA 19047 $3,458,475 CAD ($800.57 CAD/SF) 5.81% Cap Rate



INVESTMENT HIGHLIGHTS
- Absolute NNN lease with zero landlord responsibilities
- Located in high-income, densely populated trade area
- Part of the Philadelphia MSA with 6.25 million residents
- Corporate-backed lease by DriveTime, a national operator
- Positioned along a major corridor with 22,227 daily traffic count
EXECUTIVE SUMMARY
Equity CRE is pleased to exclusively offer for sale this single-tenant DriveTime dealership that presents a rare opportunity to acquire a fully passive, net-leased investment backed by a corporate guarantee. DriveTime, a national automotive retailer with 135 locations across 30 states and a workforce of approximately 4,500 employees, has demonstrated long-term commitment to this site by exercising its second 5-year renewal option earlier this year. With 4.5 years of term remaining and no landlord responsibilities under the absolute NNN lease, investors benefit from stable cash flow and minimal operational oversight.
Strategically located along U.S. Business Route 1, the property enjoys strong visibility and access to over 22,000 vehicles per day. Langhorne’s affluent demographics further enhance the asset’s appeal, with a population exceeding 219,000 within a 5-mile radius and an average household income of $144,039. The site is part of the Philadelphia-Trenton MSA, the 8th largest metro area in the U.S., offering proximity to both Trenton (8 miles) and Philadelphia (24 miles), and access to a robust consumer base.
This offering is ideal for investors seeking a recession-resilient asset with a proven tenant, strong market fundamentals, and zero management obligations.
Strategically located along U.S. Business Route 1, the property enjoys strong visibility and access to over 22,000 vehicles per day. Langhorne’s affluent demographics further enhance the asset’s appeal, with a population exceeding 219,000 within a 5-mile radius and an average household income of $144,039. The site is part of the Philadelphia-Trenton MSA, the 8th largest metro area in the U.S., offering proximity to both Trenton (8 miles) and Philadelphia (24 miles), and access to a robust consumer base.
This offering is ideal for investors seeking a recession-resilient asset with a proven tenant, strong market fundamentals, and zero management obligations.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,320 SF
Building Class
C
Year Built
2015
Price
$3,458,475 CAD
Price Per SF
$800.57 CAD
Cap Rate
5.81%
NOI
$200,868 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.68 AC
Zoning
CS - Shopping Center District
Parking
25 Spaces (5.79 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-047-201-002 | Improvements Assessment | $66,571 CAD |
| Land Assessment | $77,097 CAD | Total Assessment | $143,668 CAD |
PROPERTY TAXES
Parcel Number
22-047-201-002
Land Assessment
$77,097 CAD
Improvements Assessment
$66,571 CAD
Total Assessment
$143,668 CAD
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DriveTime | Langhorne, PA | 1816 E Lincoln Hwy
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