8/3/2019 NNN Dollar Bank North Hunting For Sale

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N E T L E A S E I N V E S T M E N T P R O P E R T Y

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Asking Price $1,851,851 | CAP Rate 6.75%

Dollar Bank | North Huntingdon Township, PA

COMPANIES, INC

C O N T A C

CALKAIN REALTY ADVISLicensed Real Estate

YOUR SOURCE FOR INVESTMENT REAL ESTA

Route 3 0 & Norwin Ave Nor th Hun tingdon Township, PA

Net Operating Income (NOI) $125,000

Lease Type Ground Lease

CAP Rate 6.9%

Lease Term 20 Years

Lease Start January 2010

Lease Expiration December 2029

Built 2009

Expenses Absolute NNN

Options Two (2), Five (5) year

Rent Increase

$10,000 every 5 years for

rst (3) three year increases.

$15,000 for (2) two, (5) ve

year options

JEFF BOGATAX STRATEGY SPECIAL

(703) 787-06 jbogart@calkain.cC A L K A I N C O M P A N I E S , I N C .

W A S H I N G TO N , D C | F L O R I D A | M A R Y L A N D | D E L A W A R E | B O S T O N

D E M O G R A P H I C S2010 Population

Total Population 7,770 35,503 75,279

Median Age 41.7 43.3 43.5

2010 Income

Median HH Income $54,485 $55,708 $53,164

Per Capita Income $27,358 $26,260 $25,407

Average HH Income $64,963 $65,188 $62,395

2010 Households

Total Households 3,199 14,133 30,455

Average Household Size 2.37 2.47 2.44

8/3/2019 NNN Dollar Bank North Hunting For Sale

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N E T L E A S E I N V E S T M E N T P R O P E R T Y

Dollar Bank | North Huntingdon Township, PA

COMPANIES, INC.

C O N T A C

North Huntingdon Township is a township in Westmoreland

County, Pennsylvania, USA. The population was 29,123 at the 2000

census.

North Huntingdon Township is an excellent location to live

and work in a suburban growing community with a high quality of

life and a small town feel. Residing within Westmoreland County,

the cost of living and taxes are moderate compared with sur-

rounding municipalities and counties. They are located within easy

commuting distance (less than 20 miles and a 35 minute trip dur-

ing non-rush hour) to Pittsburgh (northeast) and the amenities of

a large metropolitan area. Drive east for less than an hour andyou are in the Laurel Mountains. The Pennsylvania Turnpike runs

east and west on the east edge of the Township with a turnpike

interchange located within the community. State Route 30 runs

east and west through the middle of the Township.

The community is middle to upper middle income that is

largely residential, with some commercial development. The cur

rent population is 30,000 and expected to rise to approximately

36,000 by 2010. There is an estimate of 11,000 homes in ou

27.46 square mile area. The Norwin School district has one high

school, one middle school, one inter-mediate school and four

grade schools. There is one private Catholic school, Queen o

Angels, that has recently moved into the Township. These schools

serve about 5,420 students. The district has a high rate of gradu

ating students (90% of the residents possess their high school di-

ploma) with many of them pursuing secondary education (21% o

the residents have their bachelors degree or higher education)Most of the housing stock is owner-occupied. The number o

major crimes committed per capita is 64% less than the statewide

average in Pennsylvania.

O V E R V I E W

JEFF BOGATAX STRATEGY SPECIAL

(703) 787-06

jbogart@calkain.c