STNL Santander Bank | Absolute NNN Investment Opportunity in Shillington, PA

12 Parkside Avenue, Reading, PA

$1,390,909

Price

5.5%

Cap Rate

5,468 sqft

Building Size

Overview
Cap Rate
5.5%
Building Size
5,468 sqft
Lot Area
1.28 sqft
Occupancy
100%
Lease Type
Triple Net
Year Built
1997
Zoning
HC
Tenancy
Single
Parking Spots
32
Description

Equity Retail Brokers is pleased to offer qualified investors the opportunity to acquire the sale of a Santander Bank branch in Shillington, PA with almost $102 Million in deposits in 2019 (Source: FDIC). Shillington is an immediate suburb of the City of Reading located in Berks County, PA. This asset sits on approximately 1.28 acres, and has been operating very successfully as branch since February, 1997. Originally an office for Sovereign Bank, the control of this branch was transferred to Santander Bank after their acquisition of Sovereign in 2011.

Highlights
  • 5.75 Years Remaining
  • Two (2), Five (5) Year Options
  • 22+ year successful operating history
  • Absolute NNN Lease – NO Landlord Responsibilities
  • Located in Shillington, PA – an immediate suburb of Reading
Documents

Location
Gallery