Bank
Citizens Bank
495 Lincoln Ave, Bellevue, PA 15202
Listing Price: $1,945,000
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Citizens Bank in Bellevue, Pennsylvania. The offering comprises two distinct parcels: the primary 0.13-acre plot featuring an 8,248-square-foot building, and a secondary 0.23-acre parcel including a drive-up ATM and additional parking. There is 1.7 years remaining on the current lease term. Although Citizens Bank is vacating the premise at the end of the lease term, they still have future rent obligations. At the asking price, an investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term.
Citizens Bank
Investment Highlights
- Citizens Bank has 1.7 Years in Future Rent Obligations
- Signalized Hard Corner Location on Lincoln Avenue and North Balph Avenue (17,046 VPD)
- More than 196,398 Residents Within a Five-Mile Radius
- Pittsburgh MSA Location - First Suburb West of Downtown
- Absolute Net Lease - Allows New Owner to Reposition Without Incurring NNN Costs
- Average Household Income is $87,053 Within a Five-Mile Radius
- Located in the Heart of Downtown Bellevue's Main Cultural District
- 30 Minutes to Pittsburgh International Airport
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
Listing Price: $1,945,000
Investment Highlights
- Citizens Bank has 1.7 Years in Future Rent Obligations
- Signalized Hard Corner Location on Lincoln Avenue and North Balph Avenue (17,046 VPD)
- More than 196,398 Residents Within a Five-Mile Radius
- Pittsburgh MSA Location - First Suburb West of Downtown
- Absolute Net Lease - Allows New Owner to Reposition Without Incurring NNN Costs
- Average Household Income is $87,053 Within a Five-Mile Radius
- Located in the Heart of Downtown Bellevue's Main Cultural District
- 30 Minutes to Pittsburgh International Airport
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Citizens Bank in Bellevue, Pennsylvania. The offering comprises two distinct parcels: the primary 0.13-acre plot featuring an 8,248-square-foot building, and a secondary 0.23-acre parcel including a drive-up ATM and additional parking. There is 1.7 years remaining on the current lease term. Although Citizens Bank is vacating the premise at the end of the lease term, they still have future rent obligations. At the asking price, an investor should be able to lower their basis in the property, recapturing a percentage of their initial investment over the remaining lease term.
Broker of Record
-
Timothy B. Stephenson Jr.
Associate Regional Manager
Financing By
