Leased Bank NNN
For Sale
Contact for pricing
100 W Independence Street, Shamokin, PA 17872
Fee simple bank property operated under an absolute NNN lease with zero landlord responsibilities.
Property Size10,107 SF
Price / SF$276.15
Days on Market70
Property Features for 100 W Independence Street
General Information
Standard status
Active
Size
10,107 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$186,983
Building Details
Year Built
1969
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Jun 3
Changed: Aug 8
Last Checked: Jun 6 at 4:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
This fee simple bank property is operated by Fulton Bank and is structured as an absolute NNN lease. The lease term is 15 years, with approximately 13.0 years of primary term remaining. The lease includes 2.25% annual rent escalations, along with three renewal options of five years each. As described in the offering materials, the structure carries zero landlord responsibilities for the owner.
The asset is located at 100 W Independence Street in Shamokin, Pennsylvania. The property is presented as an acquisition opportunity with the current operating lease in place through the remaining primary term and related renewal provisions.
For investors or buyers seeking a net-leased bank asset, the key practical consideration here is the absolute NNN framework and the stated absence of landlord responsibilities. With a long remaining primary lease term and contractual rent escalations, the property is positioned to support an orderly hold strategy while the tenant remains in operation under the existing lease obligations.
The asset is located at 100 W Independence Street in Shamokin, Pennsylvania. The property is presented as an acquisition opportunity with the current operating lease in place through the remaining primary term and related renewal provisions.
For investors or buyers seeking a net-leased bank asset, the key practical consideration here is the absolute NNN framework and the stated absence of landlord responsibilities. With a long remaining primary lease term and contractual rent escalations, the property is positioned to support an orderly hold strategy while the tenant remains in operation under the existing lease obligations.
Key Highlights
- Fee simple bank property at 100 W Independence Street, Shamokin, Pennsylvania
- Fulton Bank operating on a 15‑year absolute NNN lease
- Approximately 13.0 years of primary lease term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,252
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,905,040
$1.9M
Cap Rate 7%
$1,360,743
$1.4M
Cap Rate 9%
$1,058,356
$1.1M
Market Conditions
NOI Build-Up for 10,107 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.9K $14.04/SF
− Vacancy
−$14.9K −$1.47/SF
EGI
$127.0K $12.57/SF
− OpEx
−$31.8K −$3.14/SF
NOI
$95.3K $9.42/SF
Area
Northumberland County, PA
Vacancy
10.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,905,040
Cap Rate 7%
$1,360,743
Cap Rate 9%
$1,058,356
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,252 @ 7.0% cap · market cap 3.41%
Second Best
Retail
$1.17M
$1.03M – $1.37M
NOI $82,063 @ 7.0% cap · market cap 2.94%
Theoretical Best
Warehouse
$12.30M
$10.76M – $14.35M
NOI $860,868 @ 7.0% cap · market cap 30.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 34%
Groceries 26%
Weis Markets
Groceries
24,766 visits/mo
0.3 miles
Dunkin' Donuts
Dining
20,314 visits/mo
0.1 miles
Turkey Hill Minit Market
Shops & Services
11,095 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
9,417 visits/mo
0.2 miles
Wendy's
Dining
9,404 visits/mo
0.0 miles
Demographics for 17872, PA
9,223
Population
5,419
Households
1.7
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
43.0 sq mi
ZIP Area
214
Density / Sq Mi
$44,395
Median Household Income
$37,089
Median Earnings
$659
Median Rent
$79,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Fee simple bank property operated under an absolute NNN lease with zero landlord responsibilities.
Where is this bank located?
The property is located at 100 W Independence Street Shamokin, PA.
What is the asking price?
The asking price for this property is $2,791,000.
What are key features of this property?
This property features: Fee simple bank property at 100 W Independence Street, Shamokin, Pennsylvania; Fulton Bank operating on a 15‑year absolute NNN lease; Approximately 13.0 years of primary lease term remaining
