645 Washington Ave - Bank FOR SALE


Jermyn, PA 18433
$1,242,857 USD
332-345-4222
645 Washington Ave, Jermyn, PA for Sale
$1,242,857 USD
Bank - FOR SALE
1/2
null | 7% Cap Rate

645 Washington Ave
Jermyn, PA 18433


HIGHLIGHTS

  • Community Bank Recently Signed a 5-Year Extension Set to Commence September 1, 2024
  • Over 50 Years of Tenancy in the Same Location! | Over $91M In Deposits at this Location!
  • Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 2%Annual Increases!

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for the Community Bank located at 645 Washington Ave in Jermyn, PA. The site consists of 14,500 rentable square feet of building space on an estimated 0.35-acre parcel of land. This property is subject to a new, 5-year lease, with the current annual rent being $87,000. This location has operated as a Community Bank since 1974 and boasts extremely strong deposits of over $91,000,000. This is a key location for Community Bank encumbered with a low rent lease that increases the long term viability of the location.

FOR SALE DETAILS

PRICE

$1,242,857 USD

PRICE/SF

$86 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Community Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

0731204006000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.