Wells Fargo Bank NNN
12 E Market St, York, PA 17401
For Sale
Contact for pricing
NNN leased Wells Fargo in downtown York.
Property Size27,967 SF
Price / SF$100.12
Days on Market238
Property Features for 12 E Market St
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
NAI CIR
Listed By:
Nik Sgagias · License PA AB069294
(717) 439-9453
Source:
Crexi
Added: Mar 18
Changed: Nov 6
Last Checked: Nov 10 at 7:44AM
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 NAI CIR
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Investment Insights
Based on property information with market context.
This offering presents the exclusive opportunity to acquire the Wells Fargo property located at 12 East Market Street in York. The property is occupied by Wells Fargo Bank, N.A. under an absolute triple net (NNN) lease, providing investors with a passive, management-free investment and zero landlord responsibilities. The subject property is strategically positioned in the heart of downtown York along East Market Street, the area’s primary retail and commercial corridor. The location benefits from strong visibility, steady foot traffic, and a dense daytime population driven by surrounding government offices, financial institutions, and professional service users. The branch operates as a full-service banking location and features drive-thru lanes and dedicated on-site parking, supporting long-term operational functionality. This offering provides investors with stable income backed by a nationally recognized, investment-grade financial institution and the opportunity to acquire a well-located net lease asset in a growing regional market. The property’s central location and established tenant presence position the asset as a strong addition to a diversified net lease portfolio. The property size is 27967 square feet.
Key Highlights
- Absolute NNN lease provides passive, management‑free investment with zero landlord responsibilities.
- Tenant is Wells Fargo Bank, N.A., a nationally recognized, investment‑grade financial institution, providing stable income.
- Strategically positioned in the heart of downtown York on East Market Street, a primary retail and commercial corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$174,005
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,100
$3.5M
Cap Rate 7%
$2,485,786
$2.5M
Cap Rate 9%
$1,933,389
$1.9M
Market Conditions
NOI Build-Up for 27,967 SF
Gross rent
$245.0K $8.76/SF
− Vacancy
−$13.0K −$0.46/SF
EGI
$232.0K $8.30/SF
− OpEx
−$58.0K −$2.07/SF
NOI
$174.0K $6.22/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,480,100
Cap Rate 7%
$2,485,786
Cap Rate 9%
$1,933,389
Alternative Uses
Best Use
Retail
$4.77M
$4.17M – $5.56M
NOI $333,708 @ 7.0% cap · market cap 11.92%
Second Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,005 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$8.10M
$7.09M – $9.45M
NOI $566,820 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,702
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 22%
Shops & Services 17%
Apparel 12%
McDonald's
Dining
21,613 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
13,146 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,675 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
3,599 visits/mo
0.2 miles
Citi Trends
Apparel
3,507 visits/mo
0.2 miles
Demographics for 17401, PA
18,771
Population
8,202
Households
2.3
Avg Household Size
32
Median Age
16%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
12,514
Density / Sq Mi
$41,569
Median Household Income
$30,329
Median Earnings
$940
Median Rent
$84,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - NNN leased Wells Fargo in downtown York.
Where is this bank located?
The property is located at 12 E Market St York, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Absolute NNN lease provides passive, management‑free investment with zero landlord responsibilities.; Tenant is Wells Fargo Bank, N.A., a nationally recognized, investment‑grade financial institution, providing stable income.; Strategically positioned in the heart of downtown York on East Market Street, a primary retail and commercial corridor.
