Bank
Citizens Bank | Abs NNN | Strong Deposits
850 Penn Ave, Turtle Creek, PA 15145
Listing Price: $1,548,000
Investment Overview
Citizens Bank Abs NNN Lease with 5.3 Years Remaining in Suburban Pittsburgh, PA. 5,433 SF Brick Building with Ample Parking; Dual Drive-thru Teller Lanes as well as Drive-Thru ATM and Walk-Up ATM. Located Along Penn Ave, Just 500 Feet off of the Tri-Boro Expressway (Major East-West Arterial) with 10,670 VPD. City Center Location Adjacent to USPS, Neighborhood Retail Strip with Dollar General, CVS, Pizza Shops, and Turtle Creek Elementary. Dense Infill Demographics with 10,000/1- Mi, 63,000 3-Mi, and 203,000/5-Mi Population Counts.
Citizens Bank | Abs NNN | Strong Deposits
Investment Highlights
- Citizens Bank Abs NNN Lease with 5.3 Years Remaining in Suburban Pittsburgh, PA
- Recent 5-Year Extension thru July 2030, Demonstrating Continued Commitment to the Site
- Strong Deposits of $87M & 22% Cumulative Increase in Deposits Over Trailing 6 Years
- Absolute NNN Lease - Zero Landlord Responsibilities
- Lessee Entity Citizens Bank, N.A. Carries S&P "A-" High Investment-Grade Credit Rating with Stable Outlook
- 1.0 - 2.5% Annual Increases in Options (Based on CPI)
- Located Along Penn Ave, Just 500 Feet off of the Tri-Boro Expressway (Major East-West Arterial) with 10,670 VPD
- City Center Location Adjacent to USPS, Neighborhood Retail Strip with Dollar General, CVS, Pizza Shops, and Turtle Creek Elementary
Broker of Record
Financing By
Listing Price: $1,548,000
Investment Highlights
- Citizens Bank Abs NNN Lease with 5.3 Years Remaining in Suburban Pittsburgh, PA
- Recent 5-Year Extension thru July 2030, Demonstrating Continued Commitment to the Site
- Strong Deposits of $87M & 22% Cumulative Increase in Deposits Over Trailing 6 Years
- Absolute NNN Lease - Zero Landlord Responsibilities
- Lessee Entity Citizens Bank, N.A. Carries S&P "A-" High Investment-Grade Credit Rating with Stable Outlook
- 1.0 - 2.5% Annual Increases in Options (Based on CPI)
- Located Along Penn Ave, Just 500 Feet off of the Tri-Boro Expressway (Major East-West Arterial) with 10,670 VPD
- City Center Location Adjacent to USPS, Neighborhood Retail Strip with Dollar General, CVS, Pizza Shops, and Turtle Creek Elementary
Investment Overview
Citizens Bank Abs NNN Lease with 5.3 Years Remaining in Suburban Pittsburgh, PA. 5,433 SF Brick Building with Ample Parking; Dual Drive-thru Teller Lanes as well as Drive-Thru ATM and Walk-Up ATM. Located Along Penn Ave, Just 500 Feet off of the Tri-Boro Expressway (Major East-West Arterial) with 10,670 VPD. City Center Location Adjacent to USPS, Neighborhood Retail Strip with Dollar General, CVS, Pizza Shops, and Turtle Creek Elementary. Dense Infill Demographics with 10,000/1- Mi, 63,000 3-Mi, and 203,000/5-Mi Population Counts.
Broker of Record
Financing By
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