601 N Pottstown Pike
Exton, PA 19341

CBRE is pleased to present an opportunity to acquire a single tenant, absolute NNN leased bank building backed by a corporate lease, occupied by KeyBank, the 17th largest bank in the country based on revenue. KeyBank is situated along North Pottstown Road, a main artery in Exton, Chester County, Pennsylvania, on a busy, signalized corner with two points of ingress/egress.
The property sits across the street from a destination plaza, Marchwood Shopping Center, a mixed-use center made up of local entrepreneurs and national chains, specialty stores, and medical uses. KeyBank is less than two (2) miles north of several prominent shopping centers, home to retailers such as Target, Ross, TJ Maxx, Ulta, Party City, Kohl‘s, and Whole Foods, to name a few. North Pottstown Road is a busy retail corridor and commuter artery connecting the Pennsylvania Turnpike and Interstate 30, which ushers more than 45,000+ cars past this intersection every day, providing exceptional visibility and access to the site.
Exton is a suburb of Philadelphia, located approximately 21 miles east of the city with a population of 7,257 residents. Despite it‘s small size, Exton was ranked the #2 “Best Suburb for Young Professionals“ in all of Pennsylvania in 2024, and Chester County ranked #1 “Best County to Live in Pennsylvania“. Exton has a total area of 3.2 miles, giving residents a dense suburban feel with numerous shopping and dining experiences, and ease of access to major commuter roadways. Exton has highly rated public schools, a population with an above-average annual household income of $169,512, which is more than double the national average, and a median home value of $575,000.
KeyBank recently exercised an early extension guaranteeing 8.6 years of lease term, demonstrating a strong commitment to the site which they have occupied since 2006. KeyBank will begin paying 2% annual increases after year-two, and is an ideal purchase for investors and 1031 buyers seeking a stabilized property with steady cash flow, a credit worthy tenant, located in a wealthy, high traffic area.