NET LEASE INVESTMENT

NET LEASE INVESTMENT PROPERTY

Dollar Bank | North Huntingdon Township, PA

Asking Price $1,851,851 | CAP Rate 6.75%
R o u t e 3 0 & N o r win Ave Nor th Huntingdon Township, PA
Net Operating Income (NOI) Lease Type CAP Rate Lease Term Lease Start Lease Expiration $125,000 Ground Lease 6.9% 20 Years January 2010 December 2029 Rent Increase Built Expenses Options 2009 Absolute NNN Two (2), Five (5) year $10,000 every 5 years for first (3) three year increases. $15,000 for (2) two, (5) five year options
COMPANIES, INC.

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DEMOGRAPHICS
2010 Population Total Population Median Age 2010 Income Median HH Income Per Capita Income Average HH Income 2010 Households Total Households Average Household Size 7,770 41.7 $54,485 $27,358 $64,963 3,199 2.37 C A L K A I N C O M PA N I E S , I N C .
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35,503 43.3 $55,708 $26,260 $65,188 14,133 2.47

75,279 43.5 $53,164 $25,407 $62,395 30,455 2.44

T A C

JEFF BOGART TAX STRATEGY SPECIALIST (703) 787-0687 jbogart@calkain.com

NET LEASE INVESTMENT PROPERTY

Dollar Bank | North Huntingdon Township, PA

OV E RV I E W
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 surrounding municipalities and counties. They are located within easy commuting distance (less than 20 miles and a 35 minute trip during non-rush hour) to Pittsburgh (northeast) and the amenities of a large metropolitan area. Drive east for less than an hour and you 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 current population is 30,000 and expected to rise to approximately 36,000 by 2010. There is an estimate of 11,000 homes in our 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 of Angels, that has recently moved into the Township. These schools serve about 5,420 students. The district has a high rate of graduating students (90% of the residents possess their high school diploma) with many of them pursuing secondary education (21% of the residents have their bachelors degree or higher education). Most of the housing stock is owner-occupied. The number of major crimes committed per capita is 64% less than the statewide average in Pennsylvania.

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COMPANIES, INC.

T A C

JEFF BOGART TAX STRATEGY SPECIALIST (703) 787-0687 jbogart@calkain.com