Property Details

Community Bank

Washington, PA
Property ID: 10037

Financial Summary

Asking Price $720,000
Cap Rate 6.25%
Net Operating Income (NOI) $45,000
Lease Type Ground Lease, NNN
Lease Term Remaining 15 Years
The Offering Memorandum for this property is no longer available.

Contact

Jim Isbell
Director
610.410.5410
Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • 15 years remain on absolute NNN ground lease
  • Zero landlord responsibilities
  • Strong deposits - $129 Million as of June 2017
  • Guaranteed by Community Bank – 18 branches operating in five (5) counties in Southwestern PA
  • Owned subsidiary of CB Financial Services, Inc (Nasdaq: CBFV)
  • Average household income of $71,710 within 5 mile radius
  • Pittsburgh MSA

Location

65 W Chestnut St
Washington, PA

Leigh ClineCommunity Bank