Listing Contacts
David Laiter
License: PA RS335869
Ken McEvoy
License: PA RS284266
Asking Price
$3,485,382
Address
3495 Route 378
Bethlehem, PA
Property Details
Asking Price
$3,485,382
Property Type
Retail
Investment Type
Net Lease
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Square Footage
2,460
Cap Rate
5.50%
Occupancy
100%
NOI
$191,696
Year Built
2009
Permitted Zoning
19GB
Lot Size (acres)
1.16
Ownership
Fee Simple
Property Description
Equity Retail Brokers is pleased to off er qualified investors the opportunity to acquire the sale of an Embassy Bank for the Lehigh Valley branch in Bethlehem, PA with almost $106 Million in deposits in 2019 (Source: FDIC). 

Bethlehem is located in Northampton & Lehigh Counties, PA, one of the staples of the Lehigh Valley area of eastern Pennsylvania. This asset sits on approximately 1.16 acres, nearly on the border of Lehigh and Northampton Counties and has been operating very successfully since September 1, 2009.

Property Highlights
  • Absolute NNN Lease with NO Landlord Responsibilities
  • Deposit Count: $105,899,000
  • 5.5 years remaining (recently exercised option)
  • Lease Options: Three (3) 5-year options
  • 1.50% annual rental increases throughout