Fulton Bank - Shamokin, PA
100 W Independence St, Shamokin, PA, 17872, US
SGD 3,810,000 | 939 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Mid Penn Bank at 101 Lancaster Avenue in Frazer, PA (“Property” or “Asset”). The Property is operating on an absolute NNN lease with 12.0 years of primary lease term, 5.0% rent escalations every three years and two, five-year options.
PA Broker of Record: Ryan Ade – License #: RS291698
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Attributes
Asking price
SGD 3,926,000
Cap rate
6%
NOI
SGD 236,000
WAULT
12 years
Land area gross
1.26 ha
Building area net
381 m²
Media
Investment Highlights
- Absolute NNN lease with 12.0 years of primary lease term
- Mid Penn Bank is a regional bank with $7.1B in assets and $5.95B in deposits
- Strong demographics with 29% population growth since 2010 and residents earning average household incomes of $226K within 3-mile radius
- Signalized corner with visibility to 132,000+ VPD
- 25 miles to downtown Philadelphia, the 7th largest economy in the U.S.
- Adjacent to Great Valley Corporate Center, a 700-acre office and R&D park, undergoing redevelopment to add over 1M+ SF of mixed-use space
Contact brokers
Mid Penn Bank - Frazer, PA (0 Properties)
