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Citizens NNN Portfolio 1 Retail Properties in Union, NJ
Executive Summary
Portfolio includes fourteen Citizens Bank branches under a triple-net lease structure, with prominent locations along highways, signalized corners, and downtown corridors. Each lease has five (5) years remaining on the initial term, with two (2) five (5) year renewal options. Portfolio offers significant long-term value creation potential from rental upside upon future tenant vacancy, along with potential redevelopment opportunities from strategic locations. Selling condition to close in Q4 of 2026.
Property Facts
| Sale Conditions | Number of Properties | 12 | |
| Cap Rate | 5.40% | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 4,519 SF |
| Status | Active | Total Land Area | 0.28 AC |
| Sale Conditions | |
| Cap Rate | 5.40% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 4,519 SF |
| Total Land Area | 0.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 977 Stuyvesant Ave, Union, NJ 07083 | Retail | 4,519 SF | 1980 | - |
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Citizens NNN Portfolio
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