30 S Church St
Hazleton, PA 18201
Dark Bank Branch · Retail Property For Sale

The subject property is a single-tenant, freestanding BB&T Bank located in Hazelton, Pennsylvania, part of the Scranton-Wilkes Barre MSA. There are approximately 12 years remaining on the absolute net lease, with no landlord maintenance responsibilities whatsoever. There are 2% annual rent escalations during the original term and renewal options (two, five-year and one, four-year option). The lease is corporately guaranteed by Branch Banking and Trust Company (S&P: A/Stable, Moody' s: A1), a wholly owned subsidiary of BB&T Corporation. BB&T Corporation is a publicly traded Fortune 500 Company with annual revenues exceeding $2.6 billion and a net worth in excess of $27.34 billion (Q4 2015). The wholly owned subsidiary is a higher-rated entity; Branch Banking and Trust Company holds an S&P A/Stable rating, while BB&T Corporation holds an A-/Stable rating. The subject property is located at the hard corner of South Church Street, West Mine Street, and West Chestnut Street in downtown Hazelton. National and regional retailers in the immediate area include Save-a-Lot, CVS/ pharmacy, YMCA, Wendy' s, AutoZone, Aaron' s, Giant Food Store, Lehigh Tire, Salvation Army, and Dollar General.