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Community Bank 1700 N Keyser Ave

6,730 SF Retail Building Scranton, PA 18508 £1,427,283 (£212/SF) 6% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Tenant Has Operated Here for 50 Years!
  • Adjacent McDonald's and Sunoco are Top Performing Retailers in Pennsylvania
  • 2% Annual Rental Increases The lease is subject to 2% annual rental increases, which will continue into both 5-year renewal options.

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a
Community Bank located at 1700 North Keyser Avenue,
Scranton, PA 18508. The site consists of roughly 6,730 rentable
square feet of building space on an estimated 1.21-acre parcel of
land. This Community Bank is subject to a 5-year Triple Net (NNN)
lease, which commenced 9/1/2024. The current annual rent is
$107,680 and has scheduled increases of 2.00% annually.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
6,730 SF
Building Class
C
Year Built
1980
Price
£1,427,283
Price Per SF
£212
Net Initial Yield
6%
NOI
£85,637
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.21 AC
Parking
19 Spaces (1.49 Spaces per 1,000 SF Leased)
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NEARBY MAJOR RETAILERS

Gerrity's Supermarket
WW
Planet Fitness
GIANT
Rent-A-Center

PROPERTY TAXES

Parcel Number 12319030001 Improvements Assessment £238,985
Land Assessment £23,859 Total Assessment £262,844

PROPERTY TAXES

Parcel Number
12319030001
Land Assessment
£23,859
Improvements Assessment
£238,985
Total Assessment
£262,844
(332) 345-4222

CONTACTS

  • Listing ID: 34008050

  • Date on Market: 26/11/2024

  • Last Updated:

  • Address: 1700 N Keyser Ave, Scranton, PA 18508

The Tripp's Park Retail Property at 1700 N Keyser Ave, Scranton, PA 18508 is currently available. Contact NNN Pro Group for more information.

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Community Bank | 1700 N Keyser Ave
(332) 345-4222 x

Community Bank | 1700 N Keyser 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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