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28354053
28354052

200 W Beau St, Washington, PA 15301

MS
NY 10401367850
SURMOUNT
JK
NY 10401296108, NY
SURMOUNT
HB
NY NY 10401358655
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$4,064,260
196 days on market
Updated 38 days ago

KeyBank | 3% Annual Escalations & High Deposits

Details
Property Type Retail
Sub Type Bank
Square Footage 20,206
Cap Rate 5.75%
NOI $233,695
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 26.3
Lease Expiration 11/15/2036
Remaining Term 10.5
Price per SqFt $201
Year Built 1969
Acreage 1.350
Tenant Credit Corporate Guarantee
Lease Commencement 08/15/2010
Ownership Fee Simple

$105.73+ Million In Deposits | Early Lease Extension

Marketing description

Surmount is pleased to present the exclusive listing for a KeyBank located at 200 West Beau St, Washington, PA 15301. The site consists of roughly 20,206 rentable square feet of building space on an estimated 1.35-acre parcel of land. This KeyBank is subject to a 11-year Triple Net (NNN) lease, which commenced 8/15/2010. The current annual rent is $233,695 and has scheduled increases of 3.00% annually until 2031.

Investment highlights

  • Absolute Triple-Net (NNN) Lease | Early Lease Extension | Eleven (11) Years Remaining | Strong Site Commitment | Pittsburgh, PA MSA | The property is subject to an absolute triple-net lease. The tenant exercised its next option early, showing strong commitment to the site.

  • $105.73 Million+ Annual Deposits | Significantly Above The National Average | The subject KeyBank location reports $105.73 Million in annual deposits (FDIC) which is significantly above the national average and one of the top performers for KeyBank in the state.

  • Only KeyBank Location In The Zip Code | #12 Highest Deposits Out Of Eighty-Six (86) KeyBank Locations In The State Of Pennsylvania | Top 86th Percentile In PA | The subject KeyBank location is the only KeyBank in the zip code. This location reports the twelfth (12th)-highest deposits in the state of Pennsylvania out of all eighty-six (86) KeyBank locations.

  • 1.35-Acre Lot | 20,206 Square-Foot Building | Priced Below Replacement Costs | Two (2) Separate Access Points Along W Beau St | Three (3) Drive-Thru Lanes | Two (2) Large Pylon Signs Along W Beau St & Jefferson Ave | The subject property is a 20,206 square-foot building situated on a signalized hard-corner lot with a drive-thru. There are two access points along W Beau St and two large pylon signs.

Listing Contacts

MS
NY 10401367850
SURMOUNT
JK
NY 10401296108, NY
SURMOUNT
HB
NY NY 10401358655
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,695.00
$19,474.58/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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