28999 5 Mile Rd | Livonia, MI 48154
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28999 5 Mile Rd
Livonia, MI 48154
Citizens Bank · Retail Property For Sale
Investment Highlights
- Absolute Triple Net Lease: Recently Extended Lease With 6 Years Remaining on the Lease Term and (2) Additional 5-Year Options
- Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution With a $7B+ Market Cap
- Recent Lease Extension Signals Tenant Commitment: Citizens’ Decision to Extend the Lease in 2025 Confirms Its Long-Term Operational Confidence
- High-Performing Branch Location: Over $96 Million in Deposits, Reflecting Strong Consumer Loyalty and Operational Success
- Excellent Visibility: Situated on 5 Mile Road & Middlebelt, With a Combined 62,431 Vehicles Per Day
Property Facts
Property Type
Retail
Property Subtype
Bank
Building Size
1,921 SF
Building Class
C
Year Built
1976
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.68 AC
Zoning
C-1 - Commercial
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 46-094-01-0263-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $154,100 |
Property Taxes
Parcel Number
46-094-01-0263-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$154,100
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