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Bank

Citizens Bank

24 State St, Oil City, PA 16301

Listing Price: $982,000

Cap Rate
6.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
3.9
Gross SF
3,241
Guarantor
Corporate Guarantee
Rentable SF
3,241
Price/Gross SF
$302.99
Lease Type
Absolute Net
Rent Per Square Feet
$19.70

Investment Overview

Subject property is an absolute NNN leased Citizens Bank located in Oil City, PA. The property is located on State Street, in the Oil City South Side Historical District. National tenants in the immediate vicinity include Rite Aid, USPS, Giant Eagle Supermarket, CVS, Family Dollar and McDonald’s.

Investment Highlights

  • $88.8 million in deposits in 2019
  • Site features 3 drive-thru ATM lanes
  • Corporate Guarantee
  • Absolute NNN Lease
  • Four, 5-Year Renewal Options

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $982,000

Cap Rate
6.50%
Tenant Name
Citizens Bank
Years Remaining On Lease
3.9
Gross SF
3,241
Guarantor
Corporate Guarantee
Rentable SF
3,241
Price/Gross SF
$302.99
Lease Type
Absolute Net
Rent Per Square Feet
$19.70

Investment Highlights

  • $88.8 million in deposits in 2019
  • Site features 3 drive-thru ATM lanes
  • Corporate Guarantee
  • Absolute NNN Lease
  • Four, 5-Year Renewal Options

Investment Overview

Subject property is an absolute NNN leased Citizens Bank located in Oil City, PA. The property is located on State Street, in the Oil City South Side Historical District. National tenants in the immediate vicinity include Rite Aid, USPS, Giant Eagle Supermarket, CVS, Family Dollar and McDonald’s.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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