See Home Value
$1,248,146*
Commercial - Off Market

613 WAYS LANE

KENNETT SQUARE, PA 19348
bedrooms
Studio
bathrooms
0 Bath
$855,000 - $1,045,000
Reference Base Price*
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

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 $76,000, 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.
Unit Size
-
Days on Market
-
Land Size
1.80 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$20,740
HOA Dues
-
Year Built
1970

Price History

Date / Event Date Event Price
Dec 16, 2020 No longer available -
No longer available
May 14, 2020 Listed $950,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200514
05/14/2020
Loft
-
-
$950,000
bedrooms
Loft
bathrooms
-
-
-
-
-

Building Info

613 Ways Lane 613 Ways Lane, Kennett Square, PA 19348
More about this Building
613 Ways Lane
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