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370 N MAIN ST
SOUDERTON, PA 18964

$635,000 
  • -- Beds
  • -- Baths
  • 2,970 sqft
  • Commercial
  • Active
370 N MAIN ST, SOUDERTON - 31491116
370 N MAIN ST, SOUDERTON - 31491117

Property Description for 370 N MAIN ST, SOUDERTON PA 18964

INVESTOR OPPORTUNITY - This is a 2,970 +/- SF building leased to Wawa inc. The lease started in 1978 and was initially 20 years with four (4) five (5) years options. Two additional five (5) year option periods have just been negotiated. Landlord's sole expense with respect to the lease is the repair/ replacement of exterior walls and roof. ALL OTHER EXPENSES are paid by the tenant. The annual base rental is FIXED during each 5 year period. The newly negotiated option periods are: 7-1-2018 to 6-30-2023 at an annual base rent of $44,296.87 AND 7-1-2023 to 6-30-2028 at an annual base rent of $46,511.72. The current annual base rent is $42,187.56 (ending 6-30-18). To exercise an option period, tenant must send written notice 180 days BEFORE the expiration of the then current term of the lease.

  • Property Class: Commercial
  • Listing Status: Active
  • City: SOUDERTON
  • State: PA
  • Zip: 18964
  • Area: Souderton Boro
  • Class: Commercial
  • Approx Lot Size: 0.670
  • Baths (F/H): -- / --
  • Living Area (SqFt): 2,970 sqft
  • Lot Sq Ft Apx: 29236.00
  • Year Built: 1979
  • Listing#: 6996660
  • School District: Souderton
  • Tax Year: 2017
  • List Date: 6/5/2017
  • Last updated on: 8/23/2017

Property Features for 370 N MAIN ST, SOUDERTON PA 18964

  • Building Or Business: Commercial
  • Sewer Septic: Public Sewer
  • Property Age: 38
  • Water: Public
  • Exterior: Wood
  • Roof: Flatroof, Shingleroof, Rubber
  • Floor: Tile/Brick
  • Utilities: Wateravail, Seweravail, Gasavail, Electrcavail, Phoneutil, Cabletvavail, Undergrnduti
  • Building Features: Clearspan, Kitchenfacil
  • Exterior Amenities: Hwyexpos, Pubtrans, Sign
  • Foundation: Bltonslabfou
  • Fuel On Site: Gas
  • Roads: Boro/Township
  • Wall Ceilings: Sheetrckintw

Additional Information for 370 N MAIN ST, SOUDERTON PA 18964

  • School District: Souderton
  • Block Or Square: 40
  • Building Floors: 1.00
  • Buildings: 1
  • Interior Square Feet Source: L
  • Land Only: False
  • Land Use Code: 4248
  • Lot Dimensions: 138
  • Lot Number: 013
  • Ownership: Fee Simple
  • Property Option: Sale
  • Total Assessment: 331110.00
  • Water Front: False
  • Total Taxes: $12,500
  • Building Name: Wawa
  • Listing Area: Souderton Boro
  • Subdivision: None Available
  • Annual Gross Income: 42187.00
  • Bathrooms: Twobath, Pub Restrms
  • Traffic: TRF5000-9999
  • Year In Business: 10+ Years
  • Listing ID: 6996660
Courtesy of Brode & Brooks Inc
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