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Quaint Oak Bank | New 15yr Corp Abs NNN 1710 Union Blvd 6,500 SF Retail Building Allentown, PA 18109 $5,461,365 CAD ($840.21 CAD/SF) 7.27% Cap Rate
Investment Highlights
- New 15-Year Lease | 2% Annual Rent Increases | Corporate Guaranty
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | 3rd Largest City in PA
- $120 Million in Branch Deposits | 35% Deposit Growth Since 2020 |Strong $5.64 Billion Deposit Base in Allentown, PA
- Dense Retail Corridor | Lehigh University | Along Arterial Thoroughfare
Executive Summary
• New 15-year lease commenced in Dec-2024
• 2% annual increases provide a hedge against inflation
• Corporate guaranty by Quaint Oak Bancorp, Inc. (OTCQB: QNTO)
• Founded in 1926, Quaint Oak Bank is a an FDIC member which operates 3 branches across Pennsylvania with over $685 million in assets, a net income of $2.8 Million, and Net Equity of $52.6 Million
• Experienced management team - the 4 executive officers at Quaint Oak Bank have an average tenure of 19.8 years and a total combined tenure of 79 years at the firm
• 2% annual increases provide a hedge against inflation
• Corporate guaranty by Quaint Oak Bancorp, Inc. (OTCQB: QNTO)
• Founded in 1926, Quaint Oak Bank is a an FDIC member which operates 3 branches across Pennsylvania with over $685 million in assets, a net income of $2.8 Million, and Net Equity of $52.6 Million
• Experienced management team - the 4 executive officers at Quaint Oak Bank have an average tenure of 19.8 years and a total combined tenure of 79 years at the firm
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
C
Year Built/Renovated
1958/2016
Price
$5,461,365 CAD
Price Per SF
$840.21 CAD
Cap Rate
7.27%
NOI
$397,243 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.45
Lot Size
0.33 AC
Zoning
B-1/Rx - Limited Business/Residential
Parking
17 Spaces (2.62 Spaces per 1,000 SF Leased)
Frontage
120’ on Union St
Amenities
- Banking
- Corner Lot
- Dedicated Turn Lane
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Quaint Oak Bank
- Finance and Insurance
-
99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Quaint Oak Bank | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 641728299879-1 | Improvements Assessment | $1,175,956 CAD |
| Land Assessment | $138,058 CAD | Total Assessment | $1,314,013 CAD |
Property Taxes
Parcel Number
641728299879-1
Land Assessment
$138,058 CAD
Improvements Assessment
$1,175,956 CAD
Total Assessment
$1,314,013 CAD
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Quaint Oak Bank | New 15yr Corp Abs NNN | 1710 Union Blvd
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