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Off Market
1/6

12 Parkside Ave
Reading, PA 19607


HIGHLIGHTS

  • Recently Extended Santander Bank
  • Quality Credit tenant (S&P – A1 | Moody’s – A2)
  • Located just outside of Reading – the midpoint between the Lehigh Valley & Lancaster
  • Adequate traffic count of 11,528 ADT (Revere Blvd)
  • Situated on 1.28 Acre, with 32 private parking spaces
  • 12th highest deposit count of all banks within a 5-mile radius (24 total branches)

OVERVIEW

Retail; Berks County Equity Retail Brokers is pleased to offer qualified investors the opportunity to acquire the sale of a Santander Bank branch in Shillington, PA with over $132 Million in deposits in 2022 (Source: FDIC). Shillington is an immediate suburb of the City of Reading located in Berks County, PA. This asset sits on approximately 1.28 acres, and has been operating very successfully as branch since February, 1997. Originally an office for Sovereign Bank, the control of this branch was transferred to Santander Bank after their acquisition of Sovereign in 2011.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

STNL Santander Bank | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

5468

STORIES

1

YEAR BUILT

1997

SPRINKLERS

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PARKING SPACES

32

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

39-4395-06-39-0914