KeyBank | 3% Annual Escalations & High Deposits
$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.
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