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1700 N Keyser Ave Scranton, PA 18508

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For Sale
$1,794,666

NNN leased Community Bank with 50 years tenancy history.

Property size:
6,730 SF
Lot size:
1.21 Acres

Property Features for 1700 N Keyser Ave

General Information

Size
6,730 SF
Lot size
1.21 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Community Bank NNN Investment Opportunity

The property is a retail location occupied by a Community Bank, which recently executed a new 5-year lease extension after operating at this location for 50 years. The lease is structured as absolute triple net, assigning zero responsibilities to the landlord. The lease includes 2% annual rental increases, which will continue into both 5-year renewal options. Adjacent to the property, a McDonald's and a Sunoco are top-performing retailers in Pennsylvania, ranking in the 94th and 95th percentiles, respectively. The Sunoco is the #1 performer out of 27 other locations within a 15-mile radius, according to Placer.ai data. The property contains 6,730 square feet and is located on N Keyser Ave in Scranton, PA.
Location Intelligence

Current Use by Public Records

Community Bank, N.A. Bank ATM Atm

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Scranton
County
Lackawanna
State
Pennsylvania
Longitude
-75.6690797
Latitude
41.4446324

FAQs

What type of property is this?
Bank - NNN leased Community Bank with 50 years tenancy history.
Where is this bank located?
The property is located at 1700 N Keyser Ave Scranton, PA.
What is the asking price?
The asking price for this property is $1,794,666.
What are key features of this property?
This property features: - Long-Term Tenant: Community Bank has operated at this location for over 50 years, demonstrating stability.; - New Lease Extension: The tenant recently signed a new 5-year lease extension, ensuring consistent income.; - Absolute Triple Net Lease: Zero landlord responsibilities, simplifying ownership.
More about this property
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