Listed by Bennett Williams Commercial
$2,625,416
2595 N Reading Road
Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 7,200
Cap Rate 6.00%
NOI $157,525
Tenancy Multi
Acreage 2.500
Investment Type Net Lease
Retail | 6.00% CAP | 7,200 SqFt
Marketing description
Verizon Wireless is one of the largest wireless telecommunications providers in the United States with over 6,300 retail locations. Truist Bank is one of the largest financial services institutions in the United States with over 1,900 branches and approximately $549 Billion in total assets.
Tenants both have long term operating history at the location, showing their long-term commitment. Property is ideally positioned along North Reading Road (Route 272) at a signalized intersection, making it an ideal location.
Investment highlights
- Verizon Wireless is one of the largest wireless telecommunications providers in the United States with over 6,300 retail locations
- Truist Bank is one of the largest financial services institutions in the United States with over 1,900 branches and approximately $549 Billion in total assets.
- Tenants both have long term operating history at the location, showing their long-term commitment
- Property is ideally positioned along North Reading Road (Route 272) at a signalized intersection, making it an ideal location
Listing Contacts
Listed by Bennett Williams Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,525.00
$13,127.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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