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Bank

Firstrust Bank

288 S Main St, Doylestown, PA 18901

Listing Price: $3,765,530

Cap Rate
5.67%
Tenant Name
Firstrust Bank
Years Remaining On Lease
10.6
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,568.97
Lease Type
Absolute Net
Rent Per Square Feet
$88.88

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Firstrust Bank in Doylestown, PA. This site consists of approximately 2,400 square feet of gross leasable area in addition to a 2,400 square feet basement and is situated on 0.35 acre of land. This Firstrust Bank has approximately 11 remaining on its initial 15-year absolute triple-net (NNN) lease with two (5) five-year renewal options. The base rent is $213,318 for 11 years.

Founded in 1934, Firstrust Bank is a $3.7 Billion, multi-generation family-owned commercial bank with 18 branches and over 400 employees that has been serving the Philadelphia region for more than 85 years. Today, Firstrust Bank is the largest family-owned commercial bank in the region.

Investment Highlights

  • Essential Retailer Not Subjected to U.S. Governments National Shutdown
  • Long-Term Lease | 11.5+ Years Remaining in Primary Term
  • One-and-a-Half Percent (1.50%) Rental Increases Annually in Primary and Option
  • Long Historical Occupancy Since 1999 | 15 Year Lease Extension in 2017
  • Long-Term Lease | 11.5+ Years Remaining in Primary Term
  • Cash Deposits in Excess of $86,560,000

Exclusively Listed By

Listing Price: $3,765,530

Cap Rate
5.67%
Tenant Name
Firstrust Bank
Years Remaining On Lease
10.6
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,568.97
Lease Type
Absolute Net
Rent Per Square Feet
$88.88

Investment Highlights

  • Essential Retailer Not Subjected to U.S. Governments National Shutdown
  • Long-Term Lease | 11.5+ Years Remaining in Primary Term
  • One-and-a-Half Percent (1.50%) Rental Increases Annually in Primary and Option
  • Long Historical Occupancy Since 1999 | 15 Year Lease Extension in 2017
  • Long-Term Lease | 11.5+ Years Remaining in Primary Term
  • Cash Deposits in Excess of $86,560,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Firstrust Bank in Doylestown, PA. This site consists of approximately 2,400 square feet of gross leasable area in addition to a 2,400 square feet basement and is situated on 0.35 acre of land. This Firstrust Bank has approximately 11 remaining on its initial 15-year absolute triple-net (NNN) lease with two (5) five-year renewal options. The base rent is $213,318 for 11 years.

Founded in 1934, Firstrust Bank is a $3.7 Billion, multi-generation family-owned commercial bank with 18 branches and over 400 employees that has been serving the Philadelphia region for more than 85 years. Today, Firstrust Bank is the largest family-owned commercial bank in the region.

Exclusively Listed By

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