Community Bank 1700 N Keyser Ave 6,730 SF Retail Building Scranton, PA 18508 $1,794,666 ($266.67/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant Has Operated Here for 50 Years!
- Adjacent McDonald's and Sunoco are Top Performing Retailers in Pennsylvania
- 2% Annual Rental Increases The lease is subject to 2% annual rental increases, which will continue into both 5-year renewal options.
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a
Community Bank located at 1700 North Keyser Avenue,
Scranton, PA 18508. The site consists of roughly 6,730 rentable
square feet of building space on an estimated 1.21-acre parcel of
land. This Community Bank is subject to a 5-year Triple Net (NNN)
lease, which commenced 9/1/2024. The current annual rent is
$107,680 and has scheduled increases of 2.00% annually.
Community Bank located at 1700 North Keyser Avenue,
Scranton, PA 18508. The site consists of roughly 6,730 rentable
square feet of building space on an estimated 1.21-acre parcel of
land. This Community Bank is subject to a 5-year Triple Net (NNN)
lease, which commenced 9/1/2024. The current annual rent is
$107,680 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
6,730 SF
Building Class
C
Year Built
1980
Price
$1,794,666
Price Per SF
$266.67
Cap Rate
6%
NOI
$107,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.21 AC
Parking
19 Spaces (1.49 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12319030001 | Improvements Assessment | $300,500 |
| Land Assessment | $30,000 | Total Assessment | $330,500 |
CONTACTS
-
Glen Kunofsky -
Anthony D'Ambrosia -
Josh Kanter -
NNN Pro Group
