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Auto Dealership

Enterprise Rent-A-Car

365 W Lancaster Ave, Wayne, PA 19087

Listing Price: $2,388,571

Cap Rate
5.25%
Tenant Name
Enterprise Rent-A-Car
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
1,984
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.21

Investment Overview

Located on Lancaster Avenue, the property sees 23,300 vehicles per day (VPD). Its 1-acre lot with 30 parking spaces ensures strong accessibility and visibility for tenants. Located near several educational institutions, including Eastern University (6,900 Students), Cabrini University (1,600+ Students), Radnor High School (1,200+ Students), and Archbishop John Carrol High School (670 Students).

Investment Highlights

  • The property is leased to Enterprise Rent-A-Car, a top-tier, globally recognized tenant with a corporate guarantee and a long operating history since 1995 at this site.
  • Lease features consistent rent escalations, including a 10% increase starting in 2025 and 8% increases in each renewal option period.
  • No landlord responsibilities and 5.6 years remaining on the current term with an additional four, 5-year renewal options with rental increases.
  • Situated in Wayne, PA, the property is surrounded by a population of 58,192 within a 3-mile radius, with an average household income of $172,737—both projected to grow over the next three years.

Exclusively Listed By

Auto Dealership

Enterprise Rent-A-Car

Listing Price: $2,388,571

Cap Rate
5.25%
Tenant Name
Enterprise Rent-A-Car
Years Remaining On Lease
5.4
Guarantor
Corporate Guarantee
Rentable SF
1,984
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$63.21

Investment Highlights

  • The property is leased to Enterprise Rent-A-Car, a top-tier, globally recognized tenant with a corporate guarantee and a long operating history since 1995 at this site.
  • Lease features consistent rent escalations, including a 10% increase starting in 2025 and 8% increases in each renewal option period.
  • No landlord responsibilities and 5.6 years remaining on the current term with an additional four, 5-year renewal options with rental increases.
  • Situated in Wayne, PA, the property is surrounded by a population of 58,192 within a 3-mile radius, with an average household income of $172,737—both projected to grow over the next three years.

Investment Overview

Located on Lancaster Avenue, the property sees 23,300 vehicles per day (VPD). Its 1-acre lot with 30 parking spaces ensures strong accessibility and visibility for tenants. Located near several educational institutions, including Eastern University (6,900 Students), Cabrini University (1,600+ Students), Radnor High School (1,200+ Students), and Archbishop John Carrol High School (670 Students).

Exclusively Listed By

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