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STNL Santander Bank

12 Parkside Ave, Shillington, PA 19607
Offering MemorandumInvestment Flyer

Absolute NNN Investment Opportunity

Freestanding Single Tenant Bank Building, +/- 5,468 SF

Property Details

  • Recently Extended Santander Bank
  • Quality Credit tenant (S&P – A1 | Moody’s – A2)
  • Located just outside of Reading – the midpoint between the Lehigh Valley & Lancaster
  • Adequate traffic count of 12,345 ADT
  • Situated on 1.28 Acre, with 32 private parking spaces
  • 7th highest deposit count of all banks within a 5-mile radius (36 total branches)

Investment Highlights

  • Price: $1,390,909
  • CAP Rate: 5.50%
  • Lease Type: Absolute NNN Lease with NO Landlord Responsibilities
  • Deposit Count: $101,786,000
  • Lease Details: 5.75 years remaining (recently exercised option)
  • Lease Options: three (3) 5-year options.
  • Lease Increases: FMV rental increases in each option period

Contact

David Laiter

484.482.2550
dlaiter@equityretailbrokers.com

Property Location

Santander Bank | Absolute NNN Lease

12 Parkside Ave
Shillington, PA 19607