Retail Space For Lease in Philadelphia County

Equity Retail Brokers is pleased to offer qualified investors the opportunity to acquire a Citizens Bank branch in the Frankford neighborhood of Philadelphia.​​​ The Frankford neighborhood is located in Northeast Philadelphia, about 6 miles from Downtown Philadelphia.​​​ The subject property sits directly across the street from Septa’s Arrott Transportation Center, which allows for direct services to 7 different Septa Bus lines, as well as the Market-Frankford Elevated Railway.​​​ These bus and train lines provide over 213,000 average riders a day in addition to the 16,739 ADT.​​​

Citizens Bank has an operating history of over 45 years at this location, on an absolute NNN lease, leaving the landlord with absolutely no financial responsibilities related to the property.​​​ With about 1.5 years remaining on the current term, there is one (1) additional 10-year option remaining.​​​ The lease is backed by a corporate guarantee from Citizens Financial Group, a publicly traded company headquartered in Providence, RI with an S&P 500 credit rating of A- and a Moody’s rating of Baa1 (NYSE - CFG).

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