4830 Penn Ave
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4830 Penn Ave
3,444 SF Retail Building Sinking Spring, PA 19608 £1,404,152 (£408/SF) 5.90% Net Initial Yield
Investment Highlights
- Successful Branch - $118+ Million in 2024 deposits! (#1 highest amongst 11 M&T Bank branches in Berks County)
- Absolute NNN Lease –No Landlord Responsibilities
- 25+ Year Operating History
Executive Summary
Equity Retail Brokers is pleased to exclusively offer for sale a single-tenant, net leased M&T Bank branch in Sinking Spring (Reading), Berks County, PA with over $118 Million in deposits in 2024 (source: FDIC). This property has been successfully operating as a bank branch since August 1998, initially as Bank of Pennsylvania (a division of Dauphin Deposit Bank & Trust) with M&T Bank taking control in 2003 when they acquired Dauphin Deposit Bank & Trust.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,444 SF
Building Class
B
Year Built
1999
Price
£1,404,152
Price Per SF
£408
Net Initial Yield
5.90%
NOI
£82,845
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.78 AC
Amenities
- Freeway Visibility
PROPERTY TAXES
| Parcel Number | 51-4376-01-36-6085-C02 | Improvements Assessment | £322,640 |
| Land Assessment | £34,049 | Total Assessment | £356,690 |
PROPERTY TAXES
Parcel Number
51-4376-01-36-6085-C02
Land Assessment
£34,049
Improvements Assessment
£322,640
Total Assessment
£356,690
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David Laiter -
Equity Retail Brokers, Inc.
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4830 Penn Ave
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