Property Listing No Longer Available for Sale

1440 E. Lincoln Highway, Langhorne, PA

Retail for Sale - $2,323,200 - 6,616 Sq. Ft. on 1.93 acres


Property Info

CIMLS#94694
Location
  1440 E. Lincoln Highway
  Langhorne PA 19047
UpdatedJanuary 3rd, 2012
TypeRetail
Price$2,323,200
Building6,616 Sq. Ft.
Land1.93 acres

Property Description

This prototype is the largest restaurant constructed by Ruby Tuesday. The restaurant in in the immediate vicinity of approximately Three Million square feet of retail in front of a high volume Lowe's Home Center and contiguous to one of the largest single location auto dealers in the nation (Reedman Toll) with 14 different product lines. This retail area serves the upper income Bucks County PA.


Financials

Primary term of lease expires January 31, 2024. Current Rent $132,000 per annum triple net. Rent will increase in 5 years by 10% over previous period and each 5 years therafter. Tenant has four 5 year options.



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