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Citizens Bank 11060 Perry Hwy 2,944 SF Retail Building Wexford, PA 15090 $2,400,000 ($815.22/SF) 5.77% Cap Rate

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INVESTMENT HIGHLIGHTS

  • True passive income with no landlord responsibilities.

EXECUTIVE SUMMARY

Tenant has occupied this location since 2007 and is operating under a 7-year absolute NNN lease, leaving no responsibilities to the Landlord. Citizens Bank just renewed for 7 years and has two, five-year options that extend into 2042. The lease provides the Landlord 2.5% annual rent increases, creating passive income with a built-in hedge against inflation for the Landlord.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,944 SF
Building Class
C
Year Built/Renovated
1975/2021
Price
$2,400,000
Price Per SF
$815.22
Cap Rate
5.77%
NOI
$138,368
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.76 AC
Zoning
C-1 (Community Service C
Parking
25 Spaces (8.49 Spaces per 1,000 SF Leased)
Frontage
167’ on Perry Hwy

AMENITIES

  • Banking
  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Finance and Insurance
  • 2,944 SF
  • -
  • -

Citizens Financial Group is a publicly traded banking institution founded in 1828 in Providence, Rhode Island. The company operates as a diversified financial services provider offering retail and commercial banking solutions, including lending, deposits, wealth management, and capital markets services. Citizens became independent from the Royal Bank of Scotland in 2014 following one of the largest bank IPOs in U.S. history and trades on the New York Stock Exchange under the ticker symbol CFG. Today, Citizens ranks among the largest regional banks in the United States, serving millions of customers through a network of branches and digital platforms. The company has achieved notable milestones, including recognition on FORTUNE’s World’s Most Admired Companies list and expansion through strategic acquisitions such as Investors Bancorp and HSBC’s East Coast branches.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Finance and Insurance 2,944 SF - -

NEARBY MAJOR RETAILERS

[solidcore]
Burn Boot Camp
Goldfish Swim School-Wexford
Yoga Six
Starbucks
Whole Foods Market
CrossFit
Bank of America
StretchLab
Keybank

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1499-R-00015-0000-00
  • 1499-R-00016-0000-00
Land Assessment
$521,900
Improvements Assessment
$362,800
Total Assessment
$884,700
  • Listing ID: 38477975

  • Date on Market: 11/17/2025

  • Last Updated:

  • Address: 11060 Perry Hwy, Wexford, PA 15090

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