Fee Simple NNN Bank
For Sale
Contact for pricing
37 West Main Street, Bloomsburg, PA 17815
Fee simple Fulton Bank offering a 15-year absolute NNN lease with 10+ years remaining and scheduled rent escalations.
Property Size10,206 SF
Price / SF$221.73
Days on Market130
Property Features for 37 West Main Street
General Information
Standard status
Active
Size
10,206 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$151,642
Building Details
Year Built
1885
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Apr 29
Changed: Aug 8
Last Checked: Jul 23 at 8:26AM
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 offering presents the fee simple interest in a Fulton Bank property located at 37 W Main Street. The asset is operating under a 15-year absolute NNN lease structure, with approximately 11.0 years of primary term remaining. Lease terms include 2.25% annual rent escalations, along with three, five-year renewal options. The lease is described as requiring zero landlord responsibilities.
The property is identified as a bank facility within a retail/commercial real estate context, with the lease structure designed to shift responsibilities under the NNN framework to the tenant.
The seller is offering the fee simple asset with the existing lease in place, providing buyers with a fully leased, income-generating position backed by the stated absolute NNN provisions.
The property is identified as a bank facility within a retail/commercial real estate context, with the lease structure designed to shift responsibilities under the NNN framework to the tenant.
The seller is offering the fee simple asset with the existing lease in place, providing buyers with a fully leased, income-generating position backed by the stated absolute NNN provisions.
Key Highlights
- Fee simple Fulton Bank property at 37 W Main Street, Bloomsburg, Pennsylvania
- 15‑year absolute NNN lease in place, with about 13.0 years of primary term remaining
- Includes 2.25% annual rent escalations
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
$142,827
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
6.31%
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%
$2,856,540
$2.9M
Cap Rate 7%
$2,040,386
$2.0M
Cap Rate 9%
$1,586,967
$1.6M
Market Conditions
NOI Build-Up for 10,206 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
$214.3K $21.00/SF
− Vacancy
−$10.3K −$1.01/SF
EGI
$204.0K $19.99/SF
− OpEx
−$61.2K −$6.00/SF
NOI
$142.8K $13.99/SF
Area
Columbia County, PA
Vacancy
4.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,856,540
Cap Rate 7%
$2,040,386
Cap Rate 9%
$1,586,967
Alternative Uses
Best Use
Retail
$2.04M
$1.79M – $2.38M
NOI $142,827 @ 7.0% cap · market cap 6.31%
Second Best
Specialty Retail
$1.94M
$1.69M – $2.26M
NOI $135,514 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,531 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 24%
Home Improvements & Furnishings 5%
Pi Pizzeria
Dining
4,053 visits/mo
0.0 miles
Dollar General
Shops & Services
3,487 visits/mo
0.1 miles
Citgo
Shops & Services
2,986 visits/mo
0.5 miles
Fulton Bank
Shops & Services
2,469 visits/mo
0.1 miles
Uni-Mart
Shops & Services
1,980 visits/mo
0.3 miles
Demographics for 17815, PA
28,936
Population
12,661
Households
2.3
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
125.7 sq mi
ZIP Area
230
Density / Sq Mi
$66,145
Median Household Income
$36,695
Median Earnings
$968
Median Rent
$216,700
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 Fulton Bank offering a 15-year absolute NNN lease with 10+ years remaining and scheduled rent escalations.
Where is this bank located?
The property is located at 37 West Main Street Bloomsburg, PA.
What is the asking price?
The asking price for this property is $2,263,000.
What are key features of this property?
This property features: Fee simple Fulton Bank property at 37 W Main Street, Bloomsburg, Pennsylvania; 15‑year absolute NNN lease in place, with about 13.0 years of primary term remaining; Includes 2.25% annual rent escalations
