Embassy Bank
Absolute NNN | 2.5% Annual Increases | $127M in Deposits
Marketing description
CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this Embassy Bank located in Allentown, Pennsylvania, within the core of the Lehigh Valley region of eastern Pennsylvania. The property is leased to Embassy Bank under a corporate-guaranteed triple-net (NNN) lease structure with 2.5% annual rent increases throughout the remaining lease term and renewal option period. The asset is being offered fee simple and provides investors with stable cash flow backed by a long-standing regional banking institution with ten branch locations throughout the Lehigh Valley.
The property is strategically positioned along South Cedar Crest Boulevard in one of the most established commercial corridors in the region. The site benefits from immediate proximity to Lehigh Valley Hospital-Cedar Crest, the largest hospital in the Lehigh Valley and the third-largest hospital in Pennsylvania, with 877 licensed beds and 46 operating rooms. The hospital campus serves as a major regional employment center and generates significant daily traffic from employees, patients, and visitors.
The surrounding trade area is supported by strong demographics and a dense daytime population. Approximately 224,955 residents and 85,549 households are located within a five-mile radius of the property, with average household income exceeding $149,000 within one mile. The daytime population within five miles totals approximately 237,805, reflecting the area's concentration of healthcare, education, retail, and employment activity.
The property benefits from strong regional demand drivers including Cedar Crest College, a private liberal arts college founded in 1867 with more than 1,500 students, and Dorney Park & Wildwater Kingdom, which attracts approximately 1.4 million annual visitors. These institutions, combined with the hospital and surrounding commercial development, generate consistent traffic and long-term stability throughout the trade area.
Investment highlights
LONG-TERM CORPORATE NNN LEASE WITH ANNUAL RENT INCREASES
The property is leased to Embassy Bank for the Lehigh Valley under a corporate-guaranteed Absolute NNN lease structure. The lease includes 2.5% annual rent increases, providing consistent income growth throughout the remaining term and renewal option period.
ESTABLISHED LEHIGH VALLEY COMMUNITY BANK with strong deposits
Embassy Bank for the Lehigh Valley was founded in 2001 and operates ten branch locations throughout the Lehigh Valley. Headquartered in Bethlehem, Pennsylvania, the bank has grown to more than $1.8 billion in total assets. The subject branch maintains approximately $127 million in deposits and has operated at this location since 2009, demonstrating a well-established customer base and a longstanding commitment to the site.
ADJACENT TO LEHIGH VALLEY'S LARGEST HOSPITAL CAMPUS
The property is located just down the street from Lehigh Valley Hospital–Cedar Crest, the largest hospital in the Lehigh Valley and the third-largest hospital in Pennsylvania. The 877-bed hospital campus includes 46 operating rooms and serves as one of the region's largest employment and healthcare destinations.
EXCELLENT ACCESS AND VISIBILITY
The property is located at the signalized intersection of South Cedar Crest Boulevard (22,587 VPD) and Lincoln Avenue (4,114 VPD), approximately 0.3 miles from the Interstate 78 interchange (103,713 VPD). The location provides excellent visibility and convenient access to one of the Lehigh Valley's primary transportation corridors.
STRONG DEMOGRAPHICS AND DAYTIME POPULATION
Approximately 224,955 residents and 85,549 households are located within a five-mile radius of the property. Average household income exceeds $149,000 within one mile, while the daytime population within five miles totals approximately 237,805 people.
SURROUNDED BY MAJOR INSTITUTIONAL AND RECREATIONAL DESTINATIONS
The property is located near several of the Lehigh Valley's most prominent destinations, including Lehigh Valley Hospital–Cedar Crest, Cedar Crest College, and Dorney Park & Wildwater Kingdom. Cedar Crest College, founded in 1867, enrolls more than 1,500 students, while Dorney Park attracts approximately 1.4 million visitors annually. Together, these institutions generate consistent traffic and activity throughout the immediate area.
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