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Citizens Bank

1071 Baltimore Pike, Glen Mills, PA 19342
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Absolute NNN Ground Lease

Free Standing Bank Building

Property Details
  • Freestanding Single Tenant Bank Building, ± 3,500 SF
  •  Located in a dense retail corridor on Baltimore Pike (US 1, US 322)

  • Corporately guaranteed lease by subsidiary of publicly traded company, Citizens Financial Group

  • 5th highest in deposit count out of all 16 bank branches within a 3-mile radius

Investment Highlights
  • Price: $5,510,407
  • Cap Rate: 5.40%
  • Lease Type: Absolute NNN Ground Lease
  • Deposit Count: $78,775,000
  • Lease Details: 11 years remaining
  • Lease Options: Two (2) 5-year options
  • Lease Increases: 15% rental increases every 5 years
Contact

Ken Yanni

484.417.2223
kyanni@equityretailbrokers.com

Bri Barratt

484.417.2225
bbarratt@equityretailbrokers.com

David Laiter

484.482.2550
dlaiter@equityretailbrokers.com

Bart Delfiner

484.417.2217
bdelfiner@equityretailbrokers.com

Property Location

Citizens Bank

1071 Baltimore Pike,
Glen Mills, PA 19342