Tenant: S&T Bank | Harrisburg, PA Premises: 3,382 SF Renewal Options: 1 x 6 Years, 9 Months
Lease Expiration: 08/30/2028 Lease Type: Rental Increases: 12.5 Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,382 SF S&T Bank Ground Lease Asset Located at 301 Colonial Road in Harrisburg, PA. This Deal Includes Zero Landlord Responsibilities With This Ground Lease and Over 3 Years Remaining on a Corporately Backed Lease, Providing For a Secured Investment.
Zero Landlord Responsibilities in This Ground Lease
Over 3 Years Remain on a Corporately Backed Lease
National Retailers Located Nearby: Costco, Target, Longhorn Steakhouse, Blaze Pizza, Red Lobster, Buffalo Wild Wings and Chick-fil-A
Lease Features Attractive Annual Rent Increases of 12.5% Every 5 Years
Outparcel of the Famous Colonial Park Mall That Was Just Purchased By a New Owner, Signaling Optimism For Mall Revitalization
S&T Bank is One of the Largest Banks in Pennsylvania With Over $9.5B in Assets and 75 Branches Across PA, OH, Etc.
In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. #RB069072 BoR: Tom Gorman Lic. PA #RM424383
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Tenant Overview
S&T BANK
S&T Bancorp, Inc. is a $9.7 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. Since 1902, we’ve strived to provide you with the latest and bestin- class innovations in customer service, products and technology and we readily adapt to help you achieve your financial goals. Recently, Forbes recognized S&T as one of the Best-In-State Banks and Credit Unions, naming S&T Bank as the second highest-rated bank in Pennsylvania.