Penn Community Bank | Modified NNN Lease

Equity Retail Brokers is pleased to exclusively offer for sale a single-tenant, net leased Penn Community Bank branch in Lansdale, Montgomery County, PA.​ Penn Community Bank has 6.5 years remaining on a new 10-year lease with three (3), 5-year renewal options.​ This deal features a modified NNN lease, leaving the landlord with minimal responsibilities of the roof and structure, while all other operating, maintaining, or capital expenses related to the property are the tenant’s responsibility.​

The lease is backed by a corporate guarantee from Penn Community Bank, which was established over 150 years ago.​ The bank has since grown to become the largest independent mutual bank in eastern Pennsylvania with $2.5+ billion in assets, 300+ employees, and 25+ banking centers.​

Located about 3 miles west of downtown Lansdale Borough, the subject property sits on the signalized intersection of Forty Foot Rd & Allentown Rd which sees approximately 35,844 ADT.​ Additionally, this property is located about 2 miles northeast of the Lansdale Interchange on the PA Turnpike’s Northeast Extension, running to/from Plymouth Meeting and Scranton.​ This approximately 1.17-acre corner property is amongst the major retailers in the market, with a Whole Foods anchored lifestyle center immediately across the street.​ Accompanying Whole Foods are retailers such as Planet Fitness, Verizon, Mattress Warehouse, Chipotle, Wendy’s, AT&T, Panera Bread, and Wells Fargo with a proposed Target in the rear.​ Additionally, about ¼ mile up Forty Foot Rd are retailers such as Firestone, Chick-Fil-A, Freddy’s, super Wawa, Univest Bank, Lowe’s, ShopRite, and PJ Whelihan’s.​ Across the street from the Lowe’s is Ralph’s Corner Shopping Center – a Kohl’s & Ross anchored shopping center with a tenant lineup including Aldi, PA State Liquor store, The UPS Store, and others, with CVS, Applebee’s, Citadel Credit Union, and McDonald’s as pad sites.​

Strong Tenant

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  Tenant: Penn Community Bank

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  Corporate Guarantee

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  $2.5+ billion in assets

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  300+ employees

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  25+ banking centers

Stable Income:

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  Successful Branch – Deposits have significantly increased since the branch’s inception in 2021

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  6.5 years of base term remaining

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  Three (3) five-year options to extend

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  Modified NNN Lease – Landlord responsible for roof and structure

Strong Retail Location:

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  Located on a signalized intersection

  Traffic Count:

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    Forty Foot Rd: 22,622 ADT

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    Allentown Rd: 13,222 ADT