CVS - Honesdale, PA
202 4th Street, Honesdale, PA, 18431, US
1,232 sm
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, two, five-year renewal options and zero landlord responsibilities.
PA Broker of Record: Ryan Ade - PA License #: RS291698
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Attributes
Asking price
₱184,325,000
Cap rate
6.25%
NOI
₱11,565,000
WAULT
13 years
Building area net
286 sm
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)
