NNN Bank Building With
1374 Heidelberg Avenue Schaefferstown, PA 17088
1374 Heidelberg Avenue, Schaefferstown, PA, 17088
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For Sale
Contact for pricing
Fee simple Fulton Bank sale features a 15-year absolute NNN lease with primary term remaining.
Property Size3,527 SF
Price / SF$257.16
Days on Market85
Property Features for 1374 Heidelberg Avenue
General Information
- Standard status
- Active
- Size
- 3,527 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agency
JLL Chicago | Americas Headquarters
Listed by
Alex Sharrin · License #IL 475.170243
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 1:24PM Checked: Jul 21 at 1:24PM
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.
JLL is offering the fee simple acquisition of a Fulton Bank property located at 1374 Heidelberg Avenue in Schaefferstown, Pennsylvania. The asset is operated under a 15-year absolute NNN lease with approximately 13.0 years of primary lease term remaining. The lease includes 2.25% annual rent escalations and provides for three, five-year renewal options.
The lease is structured as absolute NNN, with zero landlord responsibilities. The information provided also includes that PA Broker of Record is Ryan Ade (PA License #: RS291698).
The lease is structured as absolute NNN, with zero landlord responsibilities. The information provided also includes that PA Broker of Record is Ryan Ade (PA License #: RS291698).
Key Highlights
- Fee simple Fulton Bank at 1374 Heidelberg Ave, Schaefferstown, PA
- 15‑year absolute NNN lease in place with 13.0 years of primary term remaining
- 2.25% annual rent escalations
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $15.96 |
| − Vacancy | −$2.9k | −$0.83 |
| EGI | $53.4k | $15.13 |
| − OpEx | −$13.3k | −$3.78 |
| NOI | $40.0k | $11.35 |
3,527 SF · lease $15.96/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$571.8K
$500.3K – $667.1K
NOI $40,023 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$473.5K
$414.3K – $552.4K
NOI $33,145 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$827.9K
$724.4K – $965.8K
NOI $57,950 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fulton Bank
Bank
FAQs
What type of property is this?
Bank - Fee simple Fulton Bank sale features a 15-year absolute NNN lease with primary term remaining.
Where is this bank located?
The property is located at 1374 Heidelberg Avenue Schaefferstown, PA.
What is the asking price?
The asking price for this property is $907,000.
What are key features of this property?
This property features: Fee simple Fulton Bank at 1374 Heidelberg Ave, Schaefferstown, PA; 15‑year absolute NNN lease in place with 13.0 years of primary term remaining; 2.25% annual rent escalations
