Citizens Bank - Net Lease Property for Sale
Rochester, NY
Key Investment Metrics
Price
$1,409,091
Cap Rate
5.5%
Net Operating Income
$77,500
Building Size
3187 SF
Lot Size
3,187 SF
Land Area
0.48 Acres
Remaining Term
9.8 years
Lease Expiration
04/30/2036
Lease Term
10 years
Lease Commencement
05/20/2026
Lease Type
NNN
Year Built
2026
Occupancy
100%
Tenancy
Single
Rent Increases
5% in Year 6, then 10% every 5 years
About This Citizens Bank Net Lease Property
This Citizens Bank NNN (triple net lease) property is located in Rochester, NY and represents an excellent investment opportunity for commercial real estate investors. The property features 3187 square feet of building space and was built in 2026.
With a cap rate of 5.5%, this Citizens Bank net lease property offers stable income potential. The asking price is $1,409,091, 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.
Rochester, NY Market Overview
Located in Rochester, NY, this Citizens Bank property benefits from strong local demographics and market fundamentals. The Rochester area offers excellent visibility and accessibility, making it an ideal location for Citizens Bank operations and a solid investment for net lease property buyers.