11060 Perry Hwy - Bank FOR SALE
Wexford, PA 15090 |
$2,269,000 USD
704-714-2368
11060 Perry Hwy
Wexford, PA 15090
HIGHLIGHTS
- High-performing branch location | Approx. $185M in deposits demonstrating the branch’s importance within Citizens Bank’s regional footprint
- Absolute Net lease | Zero Landlord responsibilities
- Corporate lease | Citizens Bank, N.A. | One of the nation’s largest financial institutions with approx. 1,000 branches across the U.S. | BBB+ / Baa1
- Proven tenant commitment | Operating at this location since 2007 and recently executed a 7-year lease extension in 2025
- Rare annual rent growth | 2.5% fixed annual rent increases provide a built-in hedge against inflation and enhance long-term cash flow growth
- Affluent surrounding area | $210,361 average household income within a 3-mile radius
FOR SALE DETAILS
PRICE
$2,269,000 USD
PRICE/SF
$771 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Citizens Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,284 SF
ZONING
Commercial
APN/PARCEL ID
1499-R-00015-0000-00,1499-R-00016-0000-00
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704-714-2368
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704-714-2368
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