CVS - Honesdale, PA
202 4th Street, Honesdale, PA, 18431, US
1,232 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple Fulton Bank located at 227 E Main Street in Middleburg, Pennsylvania (“Property” or “Asset”). Fulton Bank is operating on a 15-year absolute NNN lease with ±13.0 years of primary lease term remaining, 2.25% annual rent escalations, three, five-year renewal options and zero landlord responsibilities.
PA Broker of Record: Ryan Ade - PA License #: RS291698
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Attributes
Asking price
CN¥19,275,000
Cap rate
6.7%
NOI
CN¥1,292,000
WAULT
13 years
Building area net
286 m²
Land area gross
0.15 ha
Media
Investment Highlights
- Absolute NNN lease with ±13.0 years of primary lease term remaining
- Rare 2.25% annual rent escalations
- Fulton Bank carries investment grade credit ratings of 'A' from Morningstar DBRS and 'Baa1' from Moody's
- Exceptional deposits of $83M in 2025, a 3.7% increase YoY
- Frontage along US Route 522, a vital artery in PA with 9,400 VPD
- Strong demand characteristics driven by 5-mile AHHI of $83K
Contact brokers
Fulton Bank - Middleburg, PA (0 Properties)
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Last updated
27 Apr 2026
