Allentown, PA - Quaint Oak Bank

Description:

• New 15-year lease commenced in Dec-2024
• 2% annual increases provide a hedge against inflation
• Corporate guaranty by Quaint Oak Bancorp, Inc. (OTCQB: QNTO)
• Founded in 1926, Quaint Oak Bank is a an FDIC member which operates 3 branches across Pennsylvania with over $685 million in assets, a net income of $2.8 Million, and Net Equity of $52.6 Million
• Experienced management team - the 4 executive officers at Quaint Oak Bank have an average tenure of 19.8 years and a total combined tenure of 79 years at the firm

• Located along Union Boulevard (18,600 VPD) with close proximity to
U.S. Highway 22 (45,600 VPD)
• Walking distance of Leigh Shopping Center, a 376,000 SF neighborhood center ranked in the top 4th percentile of centers nationwide (Placer.Ai), and anchored by Giant, Marshalls, Staples, Décor Home Furniture, and PetSmart
• Other nearby national/credit tenants include Target, Sam’s Club, Lowes, Home Depot, Weis, Kohls, Aldi, and more
• Four miles west of Lehigh University, a Division I institution with 7,600 students and$2.2 billion in assets, including a $1.7 billion endowment
• Nearby Lehigh Valley International Airport (ABE), which supports over 83,000 flight operations annually and handled more than 930,000 passengers in 2023

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