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 $3,995,000 ($614.62/SF) 7.27% 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
$3,995,000
Price Per SF
$614.62
Cap Rate
7.27%
NOI
$290,584
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.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.