CBRE, Inc. is pleased to offer for sale the leasehold interest in a single tenant bank branch property net leased to Embassy Bank. The Subject Property is located in Easton Pennsylvania approximately 67 miles North of Philadelphia and 86 miles west of New York City in the Lehigh Valley, one of the fastest growing sections of Pennsylvania. Embassy Bank has been open in this location since 2010 and recently extended its lease an additional 6 years with 4 years currently remaining, showing commitment to and success at this location. This location has seen the branch level deposits double every year since opening, reaching their current level of approximately over $100 million as of June 2020. The corporately guaranteed NNN lease offers very rare 2.5% annual rental increases in the base term and options as well as no landlord management or expense exposure except the underlying ground lease. Leasehold ownership gives an investor the opportunity to depreciate the asset 100% offering a better than average after tax return vs. fee simple ownership. At the list price of $1,250,000, the property produces a 9.34% cap rate at list price and increases in every year of ownership. The Subject Property is strategically located off of the intersection of Interstate 33 and Route 248 with combined traffic counts over 76,000 VPD. Embassy Bank is immediately adjacent to and shares access with an Applebee’s as well as Lehigh Valley Health Center offering primary and specialty care, x-rays, blood tests, diagnostic testing and physical therapy. Across Corriere Rd lies Northampton Crossings, a Walmart Supercenter, Sam’s Club,and Kohl’s anchored shopping center with a Regal Cinemas and a number of other national tenants. Across Easton Nazareth Highway (Rt. 248) you’ll find Lower Nazareth Commons with major tenants including Wegman’s, Target, Burlington, Petco and Five Below. Immediately behind the Subject Property is Palmer View Apartments, built in 2014 with 306 units. The signal led intersection of Rt. 248 and Corriere Rd. where Embassy Bank is located offers excellent visibility, high barriers to entry and traffic counts over 16,000 VPD . Additionally, this location boasts strong demographics of over 131,000 people within a five mile radius and average household incomes over $116,000 in the one mile ring . Population has grown 2.71% over the last 5 years in the 1 mile ring and is projected to continue an other 1.05% through 2024. The 2010 brick, steel and glass construction includes three covered drive-thru lanes, two for teller service and one for A TM services. Embassy Bank is a Lehigh Valley based banking institution who’s focus is purely on serving the local customer better than any of their competitors. This can be seen in the bank’s growth in revenues and deposits since its establishment in 2 001.