Fulton Bank Strip Center
Retail | 6.20% CAP | 20,591 SqFt
Marketing description
Graystone Capital Advisors is pleased to present the opportunity to acquire the Fulton Bank Strip Center at 1245 N. Susquehanna Trail in Hummels Wharf, PA — a fully stabilized, 100% occupied neighborhood shopping center featuring a 2.53-acre parcel. This asset provides potential investors with reliable cash flow from credit tenants with below market rate leases. It also has long term redevelopment potential due to the oversized parcel and fully signalized intersection. The property is strategically positioned along North Susquehanna Trail (US Hwy 11) with approximately 38,500 daily vehicles, directly adjacent to the Susquehanna Valley Mall, Walmart Supercenter, Monroe Marketplace, and Lowe's.
The property is 100% occupied by Fulton Bank (NASDAQ: FULT), the United States Postal Service (U.S. Government guaranteed), and Geisinger. Both Fulton and Geisinger have built in annual rent escalations offsetting inflation. Fulton has branch deposits of $158 million and utilizes this facility as their regional hub for employee training.
Investment highlights
- Strong corporate & government guarantees | best-in-class tenants: Fulton Bank, USPS, and Geisinger Health
- NNN and Modified Gross leases signed in 2021.
- Significantly Below Market Rents
- Large Parcel at Signalized intersection | Ideal for future redevelopment
- Limited deferred maintenance | property recently renovated in 2021 and originally built in 2000.
- Significant lease term remaining | Fulton Bank has approximately 9 years remaining plus two 5-year options.
- Fulton Bank | over 200 locations and 300 ATMs in the U.S ($158 Million branch Deposits)
- USPS | largest courier company in the U.S. with over $77 billion in revenue in 2021 (an increase of $4B from 2020).
- Credit tenants | Fulton Bank is publicly traded with an investment-grade credit rating of Baa1 (Moody's), and USPS is government guaranteed.
- Geisinger is a regional health care provider. Over $7 billion in annual revenue. Acquired by Risant Health in 2024 (AA- S&P)
- Excellent accessibility | Selinsgrove is conveniently located within 40 miles of the Pennsylvania capital, Harrisburg (a top-15 most populated city in PA).
- Major economic drivers | within 3 miles of Susquehanna University (2,300+ students enrolled).
- Weis Headquarters in Sunbury 2.5 miles away (300 Corp Employees)
- The property sits on a 2.53-acre parcel situated at the signalized intersection of Route 11 (38K VPD) and Roosevelt Avenue.
- Dominant retail corridor within a 1-mile radius | the subject site benefits from its proximity to the Susquehanna Mall (89% ranking in the U.S.), Lowe's (top 11 in Pennsylvania), and a Walmart Supercenter (top 30 in Pennsylvania).
- Snyder County | 2021 population of 40K+ with an average household income of $70K.
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