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Benjamin Moore | Exton, PA

Benjamin Moore | Exton, PA

403 E Lincoln Hwy, Exton, PA 19341

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PROPERTY DETAILS

Price

$1,200,000

NOI

$78,000

Cap Rate

6.50%

Building Size

2,850 SF

Lot Size

25,117 SF

Marketing Description

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.

Investment Highlights

  • Recently renewed five-year lease with one five-year option
  • Established paint store operating history exceeding 20 years
  • Schedule annual contractual base-rent growth of 3%
  • 2,850 SF freestanding retail building with 14 on site parking spaces
  • Recent roof and facade improvements
  • Potential long term upside from nearby proposed redevelopment; no approval or completion is assured

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