Bank
S&T Bank | 15 Years Remain | Pittsburgh, PA MSA | "BBB" Investment-Grade Credit
PA-228 & Franklin Road, Cranberry Twp, PA 16066
Listing Price: $2,900,000
Investment Overview
The Tenant, S&T Bank, is subject to a new 15-year NNN ground lease with 10 percent (10%) rental increases every five years, providing a hedge against inflation. S&T Bank has a credit rating of “BBB” by Standard & Poor’s, and is publicly traded on the NASDAQ under the ticker "STBA.” It is based in nearby Indiana, Pennsylvania, about 60 miles east of Pittsburgh. S&T is the 10th-largest bank by deposit market share in the 10-county metro where it operates 35 branches, almost half its footprint-wide total. It has $9.2 billion in total assets and operates in approximately 75 locations across Pennsylvania and Ohio.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
Bank
S&T Bank | 15 Years Remain | Pittsburgh, PA MSA | "BBB" Investment-Grade Credit
Listing Price: $2,900,000
Investment Highlights
- 15-Year Ground Lease with 10% Increases Every Five Years
- Relocation of Existing Branch Two Miles Away
- Regional Retail Location Anchored by Target and Walmart Supercenter
Investment Overview
The Tenant, S&T Bank, is subject to a new 15-year NNN ground lease with 10 percent (10%) rental increases every five years, providing a hedge against inflation. S&T Bank has a credit rating of “BBB” by Standard & Poor’s, and is publicly traded on the NASDAQ under the ticker "STBA.” It is based in nearby Indiana, Pennsylvania, about 60 miles east of Pittsburgh. S&T is the 10th-largest bank by deposit market share in the 10-county metro where it operates 35 branches, almost half its footprint-wide total. It has $9.2 billion in total assets and operates in approximately 75 locations across Pennsylvania and Ohio.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
