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Bank Investment Portfolio 6 Retail Properties in Multiple Locations
Investment Highlights
- 6 leased bank properties in Central PA
- Annual rent increase at 2.5%
- Long term leases 2037-2039
Executive Summary
The portfolio comprises six bank branches under long-term leases, all located in central Pennsylvania. Lease terms extend through 2035 to 2039, ensuring a stable and predictable income stream. Each lease includes a 2.5% annual rent escalation, offering protection against inflation and enhancing return potential over time.
The tenant operates under a triple-net (NNN) lease structure, minimizing the landlord's operational responsibilities. Income from the portfolio is considered secure, with value influenced by factors such as the duration of the remaining lease terms, the credit strength of the tenant (Truist), and current market capitalization rates for comparable assets in the region.
The tenant operates under a triple-net (NNN) lease structure, minimizing the landlord's operational responsibilities. Income from the portfolio is considered secure, with value influenced by factors such as the duration of the remaining lease terms, the credit strength of the tenant (Truist), and current market capitalization rates for comparable assets in the region.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 6 |
| Status | Active | Total Building Size | 44,945 SF |
| Number of Properties | 6 | Total Land Area | 5.28 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 6 |
| Total Building Size | 44,945 SF |
| Total Land Area | 5.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 801 Chestnut St, Kulpmont, PA 17834 | Retail | 3,058 SF | 1900 | - |
|
Truist
150 Market Sq, Millersburg, PA 17061 |
Retail | 12,700 SF | 1980 | - |
|
BB&T
1251 Centre Tpke, Orwigsburg, PA 17961 |
Retail | 2,992 SF | 1989 | - |
|
BB&T
400 Market St, Sunbury, PA 17801 |
Retail | 20,495 SF | 1900 | - |
|
BB&T
765 Blue Mountain Dr, Walnutport, PA 18088 |
Retail | 2,500 SF | 1969 | - |
|
BB&T
234 N Main St, York, PA 17403 |
Retail | 3,200 SF | 1974 | - |
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