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Virtual Drive-By

Key Bank NNN

200 Lancaster Ave · Malvern, PA 19355 · Banking / Financial

Asking price
$2,916,666
Cap rate
6.00%
NOI
$175,000

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Lease

Lease typeNNN
Term remaining4.6 yrs
Expiration02/2031
Rent bumps15% every option period
Options2x5 years
Ground lease—
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

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Property

Building SF7,651
Price / SF$381
Year built1992
Lot size1.10 ac
TypeBank
Days on market110

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

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.

Property overview

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.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.