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    613 Ways Lane

    KENNETT SQUARE, PA 19348
    • $950,000
    • STATUS: Active
    • ON SITE: 137 days
    • ID#: PACT506156
    UPDATED: 13 min ago
    $950,000
    • 0
      BEDS
    • 1.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1970
    County:

    School Ratings & Info

    School District:

    Description

    Excellent investment opportunity with zero Landlord responsibilities or expenses. Absolute Triple Net investment with a credit worthy tenant who has been in business for over 90 years. This single tenant sale leaseback includes a brand new 12 year absolute NNN lease, plus two 5 year options. Initial NOI of $71,250, with 10% rent increases every 5 years. Ideal industrial location in Kennett Square Borough. HOP Energy is one of the nation~s fastest growing residential and commercial energy providers. HOP has 19+ locations between Delaware and Vermont. They are dedicated to taking care of almost 100,000 customers through HVAC installations, heating oil, liquid fuels and propane. HOP energy has been at the Kennett location for over 22 years and is committed for the long term. HOP to provide Buyer a clean environmental report before settlement. Call for more info.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-30T14:53:41.017.
    www.locomusings.com/homes/105941084
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    613 Ways Lane KENNETT SQUARE, PA 19348

    • Price: $950,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: PACT506156
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.8
    Acres
    1970
    Built
    Neighborhood:
    Kennett Square Boro (10303)
    County:
    Chester
    Area:
    Kennett Square Boro (10303)
    School District:
    Kennett Consolidated
    Property Description
    Excellent investment opportunity with zero Landlord responsibilities or expenses. Absolute Triple Net investment with a credit worthy tenant who has been in business for over 90 years. This single tenant sale leaseback includes a brand new 12 year absolute NNN lease, plus two 5 year options. Initial NOI of $71,250, with 10% rent increases every 5 years. Ideal industrial location in Kennett Square Borough. HOP Energy is one of the nation~s fastest growing residential and commercial energy providers. HOP has 19+ locations between Delaware and Vermont. They are dedicated to taking care of almost 100,000 customers through HVAC installations, heating oil, liquid fuels and propane. HOP energy has been at the Kennett location for over 22 years and is committed for the long term. HOP to provide Buyer a clean environmental report before settlement. Call for more info.
    Exterior Features

    Construction Materials Combination Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 1860.00 Cooling None Heating Other Heating YN Yes Inclusions 10 Year Nnn Leaseback Net Square Feet 1800.00

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2020 Association YN No Business Type Manufacturing Central Air YN No Cooling Fuel None Heating Fuel Other Historic YN No Hot Water Other Incorporated City Name Kennett Square Boro Navigable Water YN N Net Operating Income 71250.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 304127729297 Ownership Interest Fee Simple Possession Seller Rent Back Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 20740.00 Tax Assessment Amount 493010.00 Tax Lot 0273.0100 Vacation Rental YN No Water Source Public Zoning R3 Zoning Description Oi-1

    Listing courtesy of Era Continental Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-30T14:53:41.017.
     
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    540 Fort Evans Road Suite 303
    Leesburg VA, 20176