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Bank Building with Drive-Thru 313 W Cypress St
4,278 SF of Retail Space Available in Kennett Square, PA 19348
Highlights
- Pylon Signage Opportunity
- Drive-Thru
- Secure Vault
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 4,278 SF | 10’ - 12’ | Negotiable | $18.54 CAD/SF/YR $1.54 CAD/SF/MO $79,305 CAD/YR $6,609 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Bank
- Space is in Excellent Condition
- Finished Ceilings: 10’ - 12’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 313 W Cypress St , Kennett Square, PA 19348
| Property Type | Retail | Year Built | 1963 |
| Property Subtype | Bank | Parking Ratio | 5.7/1,000 SF |
| Gross Leasable Area | 4,386 SF |
| Property Type | Retail |
| Property Subtype | Bank |
| Gross Leasable Area | 4,386 SF |
| Year Built | 1963 |
| Parking Ratio | 5.7/1,000 SF |
About the Property
Located at 313 Cypress Street, this former bank building offers a total of 4,278 usable square feet of versatile space. Built in 1963, this solidly constructed property boasts a bank vault, public sewer and water, and fully operational heating and air conditioning systems. Perfectly positioned in Kennett Square, the property provides exceptional potential for a variety of uses, including office space, retail, financial services, or adaptive reuse projects. The classic mid-century architecture and functional layout make it a unique and attractive option for entrepreneurs or investors seeking a well-maintained commercial property. Key Features: Size: 5,190 SF, Bank Vault: Original, secure feature ideal for storage or creative repurposing,
- Banking
- Corner Lot
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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Bank Building with Drive-Thru | 313 W Cypress St
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