Allentown Retail for Sale - Lehigh Valley
CBRE is pleased to exclusively present for sale this Embassy Bank located in Allentown, Pennsylvania, within the core of the Lehigh Valley region of eastern Pennsylvania. The property is leased to Embassy Bank under a corporate-guaranteed triple-net (NNN) lease structure with 2.5% annual rent increases throughout the remaining lease term and renewal option period. The asset is being offered fee simple and provides investors with stable cash flow backed by a long-standing regional banking institution with ten branch locations throughout the Lehigh Valley.
The property is strategically positioned along South Cedar Crest Boulevard in one of the most established commercial corridors in the region. The site benefits from immediate proximity to Lehigh Valley Hospital–Cedar Crest, the largest hospital in the Lehigh Valley and the third-largest hospital in Pennsylvania, with 877 licensed beds and 46 operating rooms. The hospital campus serves as a major regional employment center and generates significant daily traffic from employees, patients, and visitors.
The surrounding trade area is supported by strong demographics and a dense daytime population. Approximately 224,955 residents and 85,549 households are located within a five-mile radius of the property, with average household income exceeding $149,000 within one mile. The daytime population within five miles totals approximately 237,805, reflecting the area’s concentration of healthcare, education, retail, and employment activity.
The property benefits from strong regional demand drivers including Cedar Crest College, a private liberal arts college founded in 1867 with more than 1,500 students, and Dorney Park & Wildwater Kingdom, which attracts approximately 1.4 million annual visitors. These institutions, combined with the hospital and surrounding commercial development, generate consistent traffic and long-term stability throughout the trade area.