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Bank

Citizens Bank

400 S Main St, Greensburg, PA 15601

Listing Price: $1,454,000

Cap Rate
5.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
9.7
Gross SF
2,389
Guarantor
Corporate Guarantee
Rentable SF
2,389
Price/Gross SF
$608.62
Lease Type
Absolute Net
Rent Per Square Feet
$33.49

Investment Overview

Subject property is an absolute NNN leased Citizens Bank located in Greensburg, PA. The property is located on Main Street, in the Greensburg Downtown Historic District and is surrounded by local restaurants and businesses.

Investment Highlights

  • Tenant recently signed a 10-year lease extension
  • $187 million in deposits in 2020
  • Corporate Guarantee
  • Absolute NNN Lease
  • Two, 5-Year Renewal Options
  • Average income within a 3-mile radius is $80,002

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $1,454,000

Cap Rate
5.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
9.7
Gross SF
2,389
Guarantor
Corporate Guarantee
Rentable SF
2,389
Price/Gross SF
$608.62
Lease Type
Absolute Net
Rent Per Square Feet
$33.49

Investment Highlights

  • Tenant recently signed a 10-year lease extension
  • $187 million in deposits in 2020
  • Corporate Guarantee
  • Absolute NNN Lease
  • Two, 5-Year Renewal Options
  • Average income within a 3-mile radius is $80,002

Investment Overview

Subject property is an absolute NNN leased Citizens Bank located in Greensburg, PA. The property is located on Main Street, in the Greensburg Downtown Historic District and is surrounded by local restaurants and businesses.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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