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M&T Bank – Sinking Spring, PA

M&T Bank – Sinking Spring, PA

4830 Penn Ave, Sinking Spring, PA 19608

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PROPERTY DETAILS

Sale Price

$1,810,345

Cap Rate

5.80%

NOI

$105,000

Property Overview

Equity Retail Brokers is pleased to exclusively offer for sale a single-tenant, net leased M&T Bank branch in Sinking Spring (Reading), Berks County, PA with nearly $134 Million in deposits in 2023 (source: FDIC). This property has been successfully operating as a bank branch since August 1998, initially as Bank of Pennsylvania (a division of Dauphin Deposit Bank & Trust) with M&T Bank taking control in 2003 when they acquired Dauphin Deposit Bank & Trust.

  • Successful Branch – $134+ Million in 2023 deposits! (#1 highest amongst 11 M&T Bank branches in Berks County)
  • 25+ Year Operating History
  • Absolute NNN Lease –No Landlord Responsibilities

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