Fulton Bank NNN
For Sale
Contact for pricing
5998 Main Street, East Petersburg, PA 17520
Operating bank location secured by an absolute NNN lease with no landlord responsibilities.
Property Size6,448 SF
Price / SF$491.16
Days on Market126
Property Features for 5998 Main Street
General Information
Standard status
Active
Size
6,448 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$197,926
Building Details
Year Built
1970
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 31 at 6:13PM
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.
The property is a 6,448-square-foot bank building constructed in 1970 and occupied by Fulton Bank. The existing lease is structured on an absolute NNN basis, with the landlord carrying zero responsibilities under the lease terms.
Located at 5998 Main Street in East Petersburg, Pennsylvania, the lease has approximately 13.0 years of primary term remaining. Contractual rent escalations are set at 2.25% annually, and the agreement includes three five-year renewal options.
Located at 5998 Main Street in East Petersburg, Pennsylvania, the lease has approximately 13.0 years of primary term remaining. Contractual rent escalations are set at 2.25% annually, and the agreement includes three five-year renewal options.
Key Highlights
- 6,448‑square‑foot bank building constructed in 1970
- Fulton Bank occupies the property under an absolute NNN lease
- Approximately 13.0 years of primary lease term remain
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
$117,618
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
3.71%
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%
$2,352,360
$2.4M
Cap Rate 7%
$1,680,257
$1.7M
Cap Rate 9%
$1,306,867
$1.3M
Market Conditions
NOI Build-Up for 6,448 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
$167.9K $26.04/SF
− Vacancy
−$11.1K −$1.72/SF
EGI
$156.8K $24.32/SF
− OpEx
−$39.2K −$6.08/SF
NOI
$117.6K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /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%
$2,352,360
Cap Rate 7%
$1,680,257
Cap Rate 9%
$1,306,867
Alternative Uses
Best Use
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,618 @ 7.0% cap · market cap 3.71%
Second Best
Retail
$1.08M
$948.5K – $1.26M
NOI $75,883 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,253 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Fulton Bank
Shops & Services
3,348 visits/mo
0.1 miles
Meineke Car Care Center
Shops & Services
423 visits/mo
0.1 miles
Demographics for 17520, PA
4,863
Population
2,221
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
2,702
Density / Sq Mi
$86,489
Median Household Income
$42,355
Median Earnings
$1,370
Median Rent
$252,800
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?
NNN property - Operating bank location secured by an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 5998 Main Street East Petersburg, PA.
What is the asking price?
The asking price for this property is $3,167,000.
What are key features of this property?
This property features: 6,448‑square‑foot bank building constructed in 1970; Fulton Bank occupies the property under an absolute NNN lease; Approximately 13.0 years of primary lease term remain
