Community Bank
14,500 SF | Retail Building | Jermyn, PA 18433 | $1,242,857 ($86/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,242,857
- Property Type
-
Retail
- Square Feet
- 14,500 SF
- Price / Square Foot
- $86
Listing Contacts
Glen Kunofsky
Verified Profile
Anthony D'Ambrosia
Verified Profile
Josh Kanter
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for the Community Bank located at 645 Washington Ave in Jermyn, PA. The site consists of 14,500 rentable square feet of building space on an estimated 0.35-acre parcel of land. This property is subject to a new, 5-year lease, with the current annual rent being $87,000. This location has operated as a Community Bank since 1974 and boasts extremely strong deposits of over $91,000,000. This is a key location for Community Bank encumbered with a low rent lease that increases the long term viability of the location.
Property Details
- Class
- C
- Year Built
- 1974
- Stories
- 2
- Property Subtype
- Bank
- Lot Size (sq. ft)
- 15,246 SF
Highlights
- Community Bank Recently Signed a 5-Year Extension Set to Commence September 1, 2024
- Over 50 Years of Tenancy in the Same Location! | Over $91M In Deposits at this Location!
- Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 2%Annual Increases!
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