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Bank

Citizens Bank

4950 Kutztown Rd, Temple, PA 19560

Listing Price: $1,193,000

Cap Rate
6.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
3.8
Gross SF
2,930
Guarantor
Corporate Guarantee
Rentable SF
2,930
Price/Gross SF
$407.17
Lease Type
Absolute Net
Rent Per Square Feet
$26.46

Investment Overview

Absolute NNN Citizens Bank located in Temple, PA. The subject property is located along Kutztown Road which has a VPD of approximately 10,800. The site features four drive thru ATMs and is located in the city's primary retail and commercial corridor.

Investment Highlights

  • 1% annual rent increases
  • $60 million in deposits in 2020
  • Four, 5-year options remaining

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $1,193,000

Cap Rate
6.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
3.8
Gross SF
2,930
Guarantor
Corporate Guarantee
Rentable SF
2,930
Price/Gross SF
$407.17
Lease Type
Absolute Net
Rent Per Square Feet
$26.46

Investment Highlights

  • 1% annual rent increases
  • $60 million in deposits in 2020
  • Four, 5-year options remaining

Investment Overview

Absolute NNN Citizens Bank located in Temple, PA. The subject property is located along Kutztown Road which has a VPD of approximately 10,800. The site features four drive thru ATMs and is located in the city's primary retail and commercial corridor.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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