DriveTime | Langhorne, PA

Equity CRE is pleased to exclusively offer for sale a single-tenant, net leased DriveTime location in Langhorne, Bucks County, PA. Having just exercised their second of four 5-year options periods in February, DriveTime has 4.5 years of term remaining. This deal features an absolute NNN lease, leaving the landlord with no maintenance or financial responsibilities. The lease is backed by a corporate guarantee from DriveTime, which operates 135 dealerships across 30 states.

• Investment Grade Tenant: While DriveTime is a privately held company, they operate 135 dealerships across 30 states and employ approximately 4,500 people. This lease is guaranteed by DriveTime corporate
• Strong Demographics & Traffic Counts: DriveTime benefits from Langhorne’s strong demographics, including a population of 219,009 within a 5-mile radius and an average household income of $144,039. Additionally, U.S. Business Route 1 sees a daily traffic count of 22,227 ADT (Regis)
• Philadelphia-Trenton MSA: Although located just 8 miles west of Trenton, NJ (the state capital), Langhorne is 24 miles northeast of Philadelphia and is part of the Philadelphia MSA – the 8th largest metropolitan area in the U.S., with a population of approximately 6.25 million residents.