Log In/Sign Up
Your email has been sent.
Quaint Oak Bank | New 15yr Corp Abs NNN 1710 Union Blvd 6,500 SF Retail Building Allentown, PA 18109 $4,070,000 ($626.15/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year Lease | 2% Annual Rent Increases | Corporate Guaranty
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | 3rd Largest City in PA
- $120 Million in Branch Deposits | 35% Deposit Growth Since 2020 |Strong $5.64 Billion Deposit Base in Allentown, PA
- Dense Retail Corridor | Lehigh University | Along Arterial Thoroughfare
EXECUTIVE SUMMARY
• New 15-year lease commenced in Dec-2024
• 2% annual increases provide a hedge against inflation
• Corporate guaranty by Quaint Oak Bancorp, Inc. (OTCQB: QNTO)
• Founded in 1926, Quaint Oak Bank is a an FDIC member which operates 3 branches across Pennsylvania with over $685 million in assets, a net income of $2.8 Million, and Net Equity of $52.6 Million
• Experienced management team - the 4 executive officers at Quaint Oak Bank have an average tenure of 19.8 years and a total combined tenure of 79 years at the firm
• 2% annual increases provide a hedge against inflation
• Corporate guaranty by Quaint Oak Bancorp, Inc. (OTCQB: QNTO)
• Founded in 1926, Quaint Oak Bank is a an FDIC member which operates 3 branches across Pennsylvania with over $685 million in assets, a net income of $2.8 Million, and Net Equity of $52.6 Million
• Experienced management team - the 4 executive officers at Quaint Oak Bank have an average tenure of 19.8 years and a total combined tenure of 79 years at the firm
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1958/2016
Price
$4,070,000
Price Per SF
$626.15
Cap Rate
7%
NOI
$284,886
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.33 AC
Zoning
B-1/Rx - Limited Business/Residential
Parking
17 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
120’ on Union St
AMENITIES
- Banking
- Corner Lot
- Dedicated Turn Lane
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Quaint Oak Bank
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Quaint Oak Bank | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 641728299879-1 | Improvements Assessment | $858,600 |
| Land Assessment | $100,800 | Total Assessment | $959,400 |
PROPERTY TAXES
Parcel Number
641728299879-1
Land Assessment
$100,800
Improvements Assessment
$858,600
Total Assessment
$959,400
1 of 48
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Quaint Oak Bank | New 15yr Corp Abs NNN | 1710 Union Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.