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Citizens Bank 11060 Perry Hwy 2,944 SF Retail Building Wexford, PA 15090 $2,306,133 ($783.33/SF) 6% 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.

Offering Memorandum

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

2,944 SF

Building Class

Year Built/Renovated

1975/2021

Price

$2,306,133

Price Per SF

$783.33

Cap Rate

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

Banking
Bus Line

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Major Tenants

Finance and Insurance
2,944 SF
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Citizens Bank, the primary banking subsidiary of Citizens Financial Group, is a full-service financial institution headquartered in Providence, Rhode Island. The bank provides a comprehensive range of services, including personal and business banking, mortgage lending, wealth management, and commercial banking solutions. Citizens Bank operates an extensive branch and ATM network across multiple states, serving individuals, small businesses, and large corporations. Its offerings include checking and savings accounts, credit cards, personal loans, home equity products, and investment services. The bank also provides digital banking platforms for convenient online and mobile access. Citizens Financial Group, the parent company, is publicly traded on the New York Stock Exchange under the ticker symbol CFG. Established in 1828, Citizens Bank has grown into one of the largest regional banks in the United States, maintaining a strong focus on customer service and community engagement.