403 E Lincoln Hwy, Exton, PA 19341
Price
$1,200,000
NOI
$78,000
Cap Rate
6.50%
Building Size
2,850 SF
Lot Size
25,117 SF
Equity CRE is pleased to present the opportunity to acquire a 2,850-square-foot retail investment property occupied by Ricciardi Brothers, a Benjamin Moore paint retailer, along East Lincoln Highway in Exton, Chester County, Pennsylvania. The property has operated as a paint store for more than 20 years, including approximately 15 years under the Benjamin Moore brand.
The tenant executed a five-year lease beginning September 1, 2026, with one additional five-year renewal option. The lease includes scheduled annual increases in minimum rent and tenant reimbursements of all operating costs. The landlord retains structural responsibilities, making this a modified NNN investment rather than an absolute NNN lease.
Offered at $1,200,000, the property represents a 6.50% capitalization rate on the seller-provided $78,000 net operating income. Recent improvements reportedly include a replacement roof and façade upgrade. The property benefits from its position in the established Exton retail corridor and
proximity to a proposed mixed-use redevelopment of Exton Square Mall.
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