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Community Bank 645 Washington Ave

14,500 SF Retail Building Jermyn, PA 18433 $1,747,954 CAD ($121 CAD/SF) 7% Cap Rate

Banks Pennsylvania Jermyn 645 Washington Ave, Jermyn, PA 18433

Investment Highlights

  • Community Bank Recently Signed a 5-Year Extension Set to Commence September 1, 2024
  • Absolute Triple Net (NNN) Lease With No Landlord Responsibilities | 2%Annual Increases!
  • Over 50 Years of Tenancy in the Same Location! | Over $91M In Deposits at this Location!

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for the Community Bank located at 645 Washington Ave in Jermyn, PA. The site consists of 14,500 rentable square feet of building space on an estimated 0.35-acre parcel of land. This property is subject to a new, 5-year lease, with the current annual rent being $87,000. This location has operated as a Community Bank since 1974 and boasts extremely strong deposits of over $91,000,000. This is a key location for Community Bank encumbered with a low rent lease that increases the long term viability of the location.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,500 SF
Building Class
C
Year Built
1974
Price
$1,747,954 CAD
Price Per SF
$121 CAD
Cap Rate
7%
NOI
$122,357 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.95
Land Acres
0.35 AC
Parking
19 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
58 ft on Washington Avenue
1 of 1
645 Washington Ave, Jermyn, PA - aerial map view

PROPERTY TAXES

Parcel Number 0731204006000 Improvements Assessment $176,321 CAD
Land Assessment $21,159 CAD Total Assessment $197,480 CAD

PROPERTY TAXES

Parcel Number
0731204006000
Land Assessment
$21,159 CAD
Improvements Assessment
$176,321 CAD
Total Assessment
$197,480 CAD
(332) 345-4222

  • Listing ID: 32440357

  • Date on Market: 2024-07-12

  • Last Updated:

  • Address: 645 Washington Ave, Jermyn, PA 18433

The Retail Property at 645 Washington Ave, Jermyn, PA 18433 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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645 Washington Ave, Jermyn, PA for sale Primary Photo- Image 1 of 3
645 Washington Ave, Jermyn, PA - Main
645 Washington Ave, Jermyn, PA for sale Aerial- Image 2 of 3
645 Washington Ave, Jermyn, PA - Ariel

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Community Bank | 645 Washington Ave
(332) 345-4222 x

Community Bank | 645 Washington Ave

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

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