Leased Bank NNN
65 West Main Street Leola, PA 17540
65 West Main Street, Leola, PA, 17540
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For Sale
Contact for pricing
Fee simple bank property offered with a 15-year absolute NNN lease and remaining primary term.
Property Size3,109 SF
Price / SF$317.79
Days on Market84
Property Features for 65 West Main Street
General Information
- Standard status
- Active
- Size
- 3,109 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency
JLL Chicago | Americas Headquarters
Listed by
Alex Sharrin · License #IL 475.170243
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 5:48 pm Checked: Jul 20 at 5:48 pm
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 fee simple bank property is offered for sale, operating under an absolute NNN lease with Fulton Bank. The lease is structured as a 15-year term with approximately 13.0 years of primary lease term remaining. The lease includes 2.25% annual rent escalations, along with three renewal options—each with five-year terms—and the structure notes zero landlord responsibilities.
The property is located at 65 West Main Street in Leola, Pennsylvania.
The current offering is presented as an absolute NNN investment with a single-tenant financial structure and specified lease terms, including primary term remaining, annual escalations, and renewal options.
The property is located at 65 West Main Street in Leola, Pennsylvania.
The current offering is presented as an absolute NNN investment with a single-tenant financial structure and specified lease terms, including primary term remaining, annual escalations, and renewal options.
Key Highlights
- Fee simple bank property at 65 W Main Street, Leola, Pennsylvania
- 15‑year absolute NNN lease in place with 13.0 years of primary term remaining
- 3. five‑year renewal options included
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 | $81.0k | $26.04 |
| − Vacancy | −$5.3k | −$1.72 |
| EGI | $75.6k | $24.32 |
| − OpEx | −$18.9k | −$6.08 |
| NOI | $56.7k | $18.24 |
3,109 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 5.74%
Second Best
Retail
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.04M
$911.6K – $1.22M
NOI $72,929 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fulton Bank
Bank
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Fee simple bank property offered with a 15-year absolute NNN lease and remaining primary term.
Where is this bank located?
The property is located at 65 West Main Street Leola, PA.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: Fee simple bank property at 65 W Main Street, Leola, Pennsylvania; 15‑year absolute NNN lease in place with 13.0 years of primary term remaining; 3. five‑year renewal options included
