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Wells Fargo 1155 Schadt Ave 3,464 SF Retail Building Whitehall, PA 18052 $2,000,000 ($577.37/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease with S&P A+ Tenant
- In-Place Lease with Built-In Rent Bumps
- Ground Lease with No Landlord Responsibilities
- High Bank Deposits – Over $206 Million!
EXECUTIVE SUMMARY
SURMOUNT™ is pleased to present this exclusive listing for a Wells Fargo Bank located at 1155 Schadt Avenue, Whitehall, PA 18052. The property consists of approximately 3,464 rentable square feet of building space situated on a 1.14-acre parcel under a long-term ground lease. This Wells Fargo is subject to an in-place absolute triple net (NNN) lease, with minimal landlord responsibilities and two 5-year renewal options remaining. The current annual rent is $125,000, reflecting a 7.50% capitalization rate, and the lease includes 10% rental increases during the option periods.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,464 SF
Building Class
B
Year Built
1974
Price
$2,000,000
Price Per SF
$577.37
Cap Rate
6.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.14 AC
Zoning
C-2 - Commercial
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 549865535122-1 | Improvements Assessment | $413,600 |
| Land Assessment | $467,000 | Total Assessment | $880,600 |
PROPERTY TAXES
Parcel Number
549865535122-1
Land Assessment
$467,000
Improvements Assessment
$413,600
Total Assessment
$880,600
CONTACTS
-
Anthony Bird -
Anthony D'Ambrosia -
Richard Nardi -
Christopher Marks -
Glen Kunofsky -
Surmount
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Wells Fargo | 1155 Schadt Ave
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