Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
$2,263,000
Fulton Bank - Bloomsburg, PA
Details
Property Type Retail
Sub Type Bank
Square Footage 10,206
Cap Rate 6.7%
NOI $151,642
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Price per SqFt $222
Year Built 1885
Acreage 0.240
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Retail | 6.70% CAP | 10,206 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 37 W Main Street in Bloomsburg, Pennsylvania (“Property” or “Asset”). Fulton Bank is operating on a 15-year absolute NNN lease with ±13.0 years of primary lease term remaining, 2.25% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
PA Broker of Record: Ryan Ade - PA License #: RS291698
Investment highlights
- Absolute NNN lease with ±13.0 years of primary lease term remaining
- Rare 2.25% annual rent escalations
- Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's
- Only Fulton Bank location in Columbia County
- College town location – Commonwealth University with 11,000+ students
- Frontage along W Main St, the main thoroughfare, with accessibility to 14,000+ VPD
- Strong demand characteristics driven by 5-mile AHHI of $100K
Listing Contacts
Listed by JLL Chicago | Americas Headquarters, JLL - New York City, New York, JLL - Irvine (Orange County), California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,642.00
$12,636.83/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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