Citizens Bank - Net Lease Property for Sale
Homestead, PA
Key Investment Metrics
Price
$4,383,000
Cap Rate
5.8%
Net Operating Income
$252,000
Building Size
5665 SF
Lot Size
5,665 SF
Land Area
1.47 Acres
Remaining Term
8.4 years
Lease Expiration
05/31/2034
Lease Term
10 years
Lease Commencement
05/23/2024
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
6% Every 5 Years
About This Citizens Bank Net Lease Property
This Citizens Bank NNN (triple net lease) property is located in Homestead, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 5665 square feet of building space and was built in 2005.
With a cap rate of 5.8%, this Citizens Bank net lease property offers stable income potential. The asking price is $4,383,000, making it an attractive option for 1031 exchange investors seeking quality Citizens Bank commercial properties.
Why Invest in Citizens Bank NNN Properties?
- Stable Income: Citizens Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Citizens Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Homestead, PA Market Overview
Located in Homestead, PA, this Citizens Bank property benefits from strong local demographics and market fundamentals. The Homestead area offers excellent visibility and accessibility, making it an ideal location for Citizens Bank operations and a solid investment for net lease property buyers.