Bank
Citizens Bank - 10 Yr Abs NNN - Relocation
4106 Pearl Rd, Cleveland, OH 44109
Listing Price: $2,614,000
Investment Overview
Citizens Financial Group, Inc. (NYSE: CFG), founded in 1828, is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets, $159.0 billion in deposits, 1,200 branch locations, and 3,300 ATMs as of June 30, 2022. The Company is headquartered in Providence, Rhode Island and has operations in 14 U.S. states across the New England, Mid-Atlantic, and Midwest regions. A major city in both Ohio and the Great Lakes region, Cleveland is the county seat of Cuyahoga County and home to an estimated 372,624 residents. Situated in the northeastern corner of Ohio and west of the Pennsylvania state border, the Cleveland metro extends 100 miles along the Lake Erie shore and more than 40 miles inland. The eastern part of the region lies on the Appalachian Plateau, while the western portion sits upon the Great Lakes Plains. The metro is home to roughly 2.1 million residents, which is approximately a fifth of the entire Ohio population.
Citizens Bank - 10 Yr Abs NNN - Relocation
Investment Highlights
- New 10-Year Absolute Triple-Net (NNN) Lease with Citizens Bank, N.A. (S&P A-)
- New High-Quality 2022 Construction - Relocation Branch
- 10 Percent Rental Increases Every Five Years
- 317,227 Residents Within a Five-Mile Radius - Dense Cleveland Infill
- Adjacent to the Cleveland Zoo - Cleveland's Most Visited Year-Round Attraction with Over One Million Annual Visitors
- Situated Just South of MetroHealth Main Campus Medical Center, One of the Area's Largest Employers - MetroHealth is in the Process of Expanding and Developing its Main Campus and Revitalizing the Surrounding Neighborhood
- Excellent Visibility Along Pearl Road (Over 20,200 Cars per Day)
- Located Within a 10-Minute Drive of Downtown Cleveland and Cleveland Hopkins International Airport
Exclusively Listed By
Financing By
Listing Price: $2,614,000
Investment Highlights
- New 10-Year Absolute Triple-Net (NNN) Lease with Citizens Bank, N.A. (S&P A-)
- New High-Quality 2022 Construction - Relocation Branch
- 10 Percent Rental Increases Every Five Years
- 317,227 Residents Within a Five-Mile Radius - Dense Cleveland Infill
- Adjacent to the Cleveland Zoo - Cleveland's Most Visited Year-Round Attraction with Over One Million Annual Visitors
- Situated Just South of MetroHealth Main Campus Medical Center, One of the Area's Largest Employers - MetroHealth is in the Process of Expanding and Developing its Main Campus and Revitalizing the Surrounding Neighborhood
- Excellent Visibility Along Pearl Road (Over 20,200 Cars per Day)
- Located Within a 10-Minute Drive of Downtown Cleveland and Cleveland Hopkins International Airport
Investment Overview
Citizens Financial Group, Inc. (NYSE: CFG), founded in 1828, is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets, $159.0 billion in deposits, 1,200 branch locations, and 3,300 ATMs as of June 30, 2022. The Company is headquartered in Providence, Rhode Island and has operations in 14 U.S. states across the New England, Mid-Atlantic, and Midwest regions. A major city in both Ohio and the Great Lakes region, Cleveland is the county seat of Cuyahoga County and home to an estimated 372,624 residents. Situated in the northeastern corner of Ohio and west of the Pennsylvania state border, the Cleveland metro extends 100 miles along the Lake Erie shore and more than 40 miles inland. The eastern part of the region lies on the Appalachian Plateau, while the western portion sits upon the Great Lakes Plains. The metro is home to roughly 2.1 million residents, which is approximately a fifth of the entire Ohio population.
Exclusively Listed By
Financing By
