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Bank

Community Bank Ground Lease Huge Upside in Options

90 W Chestnut St, Washington, PA 15301

Listing Price: $990,000

Cap Rate
4.55%
Tenant Name
Community Bank
Years Remaining On Lease
8.4
Gross SF
1,335
Guarantor
Corporate Guarantee
Rentable SF
1,335
Price/Gross SF
$741.57
Lease Type
Absolute Net
Rent Per Square Feet
$33.71

Investment Overview

Marcus & Millichap is pleased to present the sale of this Net Leased Community
Bank located at 65 West Chestnut Street in Washington, Pennsylvania. Situated in
a city with a population of 13,176 and part of the thriving Pittsburgh Metropolitan
Area, which is home to over 2,457,000 residents, this bank offers an exceptional
investment opportunity.
Positioned on a 0.66-acre lot in the heart of a dense retail and office corridor,
the property benefits from significant surrounding demand drivers. The area is
characterized by a strong mix of residential, office, and retail establishments,
ensuring steady traffic flow and visibility. The bank is subject to a fee-simple
absolute NNN lease, with no landlord responsibilities, providing an attractive and
secure income stream for investors.
This Community Bank boasts deposits exceeding $187 million, highlighting its
strong financial performance and established presence within the Washington,
PA market. Its central location places it at the core of a growing community,
surrounded by numerous apartment complexes such as Woodlands Apartments,
Flats on Donnan, Thomas Campbell Apartments, Northgate-Westgate Apartments,
Belvedere Acres Apartments, Maple Terrace Apartments, and Castle Tower
Apartments.
Washington & Jefferson College enrolls approximately 1,362 students. As one
of the nation’s oldest private liberal arts colleges, the institution is a consistent
economic and cultural anchor for the region.
Founded in 1781, Washington serves as the seat of Washington County and
boasts a rich history. Notably, it is home to the first National Historic Landmark of
the Underground Railroad, a significant symbol of the area’s legacy.
Community Bank, N.A. (CBNA) has a robust history of financial stability, since it was
founded in 1866. Today, the bank operates over 210 customer facilities across
Upstate New York, Northeastern Pennsylvania, Vermont, and Massachusetts. This
extensive footprint and long-standing reputation underscore the strength and
reliability of this tenant.
This property presents a unique opportunity to acquire a net-leased asset with a
financially solid tenant in a location poised for sustained growth, offering investors
both stability and long-term potential.

Investment Highlights

  • Extremely Low Rent Ground Lease | 8+ Years Remaining | Ability to Raise Rents to Market in First Option Period
  • Equipped with Drive Thru | Low Price Point | Excellent Intrinsic Value
  • Lease Guaranteed by Community Bank | NASDAQ: CBFV
  • Community Bank Has Deposits Exceeding $187 Million at This Branch, Demonstrating its Established Presence and Stability
  • Washington is Home to The First National Historic Landmark of The Underground Railroad, Adding Cultural and Historical Value to the Area
  • Community Bank, N.A. (Founded In 1866) Operates Over 210 Facilities Across Multiple States, Ensuring Long-Term Tenant Reliability and Financial Security

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Bank

Community Bank Ground Lease Huge Upside in Options

Listing Price: $990,000

Cap Rate
4.55%
Tenant Name
Community Bank
Years Remaining On Lease
8.4
Gross SF
1,335
Guarantor
Corporate Guarantee
Rentable SF
1,335
Price/Gross SF
$741.57
Lease Type
Absolute Net
Rent Per Square Feet
$33.71

Investment Highlights

  • Extremely Low Rent Ground Lease | 8+ Years Remaining | Ability to Raise Rents to Market in First Option Period
  • Equipped with Drive Thru | Low Price Point | Excellent Intrinsic Value
  • Lease Guaranteed by Community Bank | NASDAQ: CBFV
  • Community Bank Has Deposits Exceeding $187 Million at This Branch, Demonstrating its Established Presence and Stability
  • Washington is Home to The First National Historic Landmark of The Underground Railroad, Adding Cultural and Historical Value to the Area
  • Community Bank, N.A. (Founded In 1866) Operates Over 210 Facilities Across Multiple States, Ensuring Long-Term Tenant Reliability and Financial Security

Investment Overview

Marcus & Millichap is pleased to present the sale of this Net Leased Community Bank located at 65 West Chestnut Street in Washington, Pennsylvania. Situated in a city with a population of 13,176 and part of the thriving Pittsburgh Metropolitan Area, which is home to over 2,457,000 residents, this bank offers an exceptional investment opportunity. Positioned on a 0.66-acre lot in the heart of a dense retail and office corridor, the property benefits from significant surrounding demand drivers. The area is characterized by a strong mix of residential, office, and retail establishments, ensuring steady traffic flow and visibility. The bank is subject to a fee-simple absolute NNN lease, with no landlord responsibilities, providing an attractive and secure income stream for investors. This Community Bank boasts deposits exceeding $187 million, highlighting its strong financial performance and established presence within the Washington, PA market. Its central location places it at the core of a growing community, surrounded by numerous apartment complexes such as Woodlands Apartments, Flats on Donnan, Thomas Campbell Apartments, Northgate-Westgate Apartments, Belvedere Acres Apartments, Maple Terrace Apartments, and Castle Tower Apartments. Washington & Jefferson College enrolls approximately 1,362 students. As one of the nation’s oldest private liberal arts colleges, the institution is a consistent economic and cultural anchor for the region. Founded in 1781, Washington serves as the seat of Washington County and boasts a rich history. Notably, it is home to the first National Historic Landmark of the Underground Railroad, a significant symbol of the area’s legacy. Community Bank, N.A. (CBNA) has a robust history of financial stability, since it was founded in 1866. Today, the bank operates over 210 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Massachusetts. This extensive footprint and long-standing reputation underscore the strength and reliability of this tenant. This property presents a unique opportunity to acquire a net-leased asset with a financially solid tenant in a location poised for sustained growth, offering investors both stability and long-term potential.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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