Listed by SVN Latus
Unpriced
Bank Investment Portfolio
Details
APN 047-02-002-018
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 45,090
Lease Type NNN
Rent Bumps Yes
Acreage 1.940
Zoning Zoned Old Town, B-C and R-1, Commercial, General Commercial, Industrial, Business Commercial
Investment Type Owner/User
Retail
Marketing description
The portfolio comprises seven bank branches under long-term leases, all located in central Pennsylvania. Lease terms extend through 2035 to 2039, ensuring a stable and predictable income stream. Each lease includes a 2.5% annual rent escalation, offering protection against inflation and enhancing return potential over time.
The tenant operates under a triple-net (NNN) lease structure, minimizing the landlord's operational responsibilities. Income from the portfolio is considered secure, with value influenced by factors such as the duration of the remaining lease terms, the credit strength of the tenant (Truist), and current market capitalization rates for comparable assets in the region.
Investment highlights
- 7 leased bank properties in Central PA
- Long term leases 2035 - 2039
- Annual rent increases at 2.5%
- Built-In Potential for Higher Returns over time.
- Minimal landlord maintenance responsibilities and expenses.
Listing Contacts
Listed by SVN Latus
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