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.
Broker of Record
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
