150-152 W Chelten Ave

Equity CRE is pleased to exclusively offer for sale a single-tenant, multi-story, net-leased PNC Bank branch in the Germantown neighborhood of Philadelphia, PA. PNC Bank is operating in the first year of a 5-year extension, with one (1), 5-year extension option remaining. The building features a ground floor with second-floor space available in the back of the building as well as 9 private, off-street parking spaces in the rear. This is being offered on a fee simple basis and features an absolute NNN lease, with no landlord obligations – providing an investor with passive income.

The lease is backed by a corporate guarantee from PNC Bank, one of the largest and most stable financial institutions in the world, offering investors a top guarantee available on the market. Headquartered in Pittsburgh, PA, the bank operates over 2,200 branches & 60,000 ATMs nationwide and has nearly $560 billion in assets.