Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 1958
Building Area Net
Occupancy 100.0 %
Call for Offers 2022-04-13

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer a single tenant Fulton Bank (the “Property”) in York, PA. Fulton Bank, an investment grade tenant, has recently commenced on a seven-year term lease with two (2) five (5) year option periods. Situated in the heart of densely populated York, Fulton Bank is positioned next to some of York’s biggest attractions such as the York Expo Center, Yorktown Mall (251.6k annual visits) and more.

Investment highlights

Investment Grade Tenant

  • Fulton Bank (Fulton Financial Corporation) maintains an investment grade credit rating of Baa1 (Moody’s)
  • With the recent acquisition of the wealth practice, Mayo Financial Center, in Virginia Beach, the financial institution continues to demonstrate success following the pandemic

Strong Bank Deposits

  • Fulton Bank recently singed a brand new 7-year lease
  • The lease features an attractive, 2.5% annual increase in each of the two (2) five (5) year options

Excellent Roadway Visibility

  • Ideally situated between Route 30, which has 25,000+ VPD and Interstate 83 which has 65,000+ VPD, allows for exceptional roadway visibility

Highly Populated Downtown York, PA

  • York, Pennsylvania’s annual population growth of over 2% between 2014 and 2019, outpaces the Pennsylvania average (+0.2%)
  • Since 2010, York has grown 3.97%
  • Over 152,000 people within 5 miles of the property
Last Updated Date: 06 May 2022

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Last Updated Date: 06 May 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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