Citizens Bank NNN

7248 Rising Sun Avenue, Philadelphia PA 19111 Offering Memorandum

Citizens Bank Net Leased Investment

5 Years Remaining on a Corporate Guaranteed Net Leased Investment

Property Details

  • Freestanding, 3,000 ±SF
  • Situated on 0.32 Acres, with 10 parking spaces & additional street parking
  • Located less than 300 feet from intersection of Rising Sun Ave & Cottman Ave
  • Strong demographics with population over 293,354 and daytime population over 154,620 and average HH income over $62,101 within 3-mile radius of the property
  • Strong vehicle traffic counts – 10,606 ADT on Rising Sun Ave and 23,654 ADT on Cottman Avenue

Investment Highlights

  • Price: $1,314,845.00
  • Cap Rate: 6.75%
  • Lease Type: NNN with landlord responsibilities of Roof & HVAC
  • Lease Details: Newly exercised 5-year option

Contact

Property Location

Citizens Bank NNN

7248 Rising Sun Ave
Philadelphia, PA 19111