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Bank

STNL Bank - Chemung Canal Trust Company

127 Court St, Binghamton, NY 13901

Listing Price: Request For Offer

Tenant Name
Chemung Canal Trust Company
Years Remaining On Lease
8.6
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Double Net
Rent Per Square Feet
$17.88

Investment Overview

Marcus & Millichap is pleased to present a 3,500-square foot, single-tenant Chemung Canal Trust Company bank located in the Binghamton section of Broome County in New York. The lease has approximately eight and one-half years remaining on its term, with two, five-year renewal options. The rent escalates every five years at a rate of seven and one-half percent throughout the base and option periods. The lease is backed by a corporate guarantee from Chemung Canal Trust Company, a $2.35 billion financial services holding company with 30 locations. Chemung Canal Trust Company is a full-service community bank with full trust powers that has been in business since 1833. The property sits on 0.12 Acres of land.

Investment Highlights

  • Approximately 10 Years Remaining on an Extended NN Lease, With Two, Five-Year Options
  • Strong Traffic Counts of Over 8,000 Vehicles Per Day Along Court Street
  • 3,500-Square Foot, Single-Tenant Chemung Canal Trust Company - Commercial Bank with Full Trust Powers Located in Binghamton, New York

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

Bank

STNL Bank - Chemung Canal Trust Company

Listing Price: Request For Offer

Tenant Name
Chemung Canal Trust Company
Years Remaining On Lease
8.6
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Double Net
Rent Per Square Feet
$17.88

Investment Highlights

  • Approximately 10 Years Remaining on an Extended NN Lease, With Two, Five-Year Options
  • Strong Traffic Counts of Over 8,000 Vehicles Per Day Along Court Street
  • 3,500-Square Foot, Single-Tenant Chemung Canal Trust Company - Commercial Bank with Full Trust Powers Located in Binghamton, New York

Investment Overview

Marcus & Millichap is pleased to present a 3,500-square foot, single-tenant Chemung Canal Trust Company bank located in the Binghamton section of Broome County in New York. The lease has approximately eight and one-half years remaining on its term, with two, five-year renewal options. The rent escalates every five years at a rate of seven and one-half percent throughout the base and option periods. The lease is backed by a corporate guarantee from Chemung Canal Trust Company, a $2.35 billion financial services holding company with 30 locations. Chemung Canal Trust Company is a full-service community bank with full trust powers that has been in business since 1833. The property sits on 0.12 Acres of land.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, MA: 138295, CT: REB.0239741, NJ: 9210310

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

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