Citizens Bank | Philadelphia, PA
Sands Investment Group is Pleased to Present Exclusively For Sale a 3,507 SF Citizens Bank Absolute NNN Asset in a Prime Location in Philadelphia, PA. Citizens Bank is an A-Credit Rated Tenant and Their Absolute NNN Lease Was Recently Extended through June of 2030, With a 2.5% Rent Increase in Each Year. This Citizens Bank Branch Has Operated For Over 17 Years and Boasts an Impressive Deposit Base in Excess of $108 Million Dollars. It’s Location in a Highly-Dense Area of Philadelphia Features Rents in Line With Other Local Retailers, Providing For a Sound Investment.
- Citizens Bank Has an A- Credit Rating From S&P
- Deposits in Excess of $108MM, One (1) of Only Four (4) Bank Branches in Northeast Philadelphia With Deposits Over $100MM
- Citizens Bank Has Been the Tenant Since 2007 and Recently Exercised a 5-Year Option, Showing a Commitment to the Site
- The Absolute NNN Lease is Attractive For a 1031 Exchange Buyer
- The Rent is in Line With Other National Retailers in the Area, Proving to Be Replaceable
- High-Density Walkable Location With a Growing Population of Seniors in the Immediate Area
In Cooperation With Sands Investment Group Philadelphia, LLC – Lic. #RB069072 BoR: Tom Gorman Lic. PA #RM424383
View Similar Investment Opportunities
Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities
