165 S Broad St - Bank FOR SALE


Grove City, PA 16127
$1,050,000 USD
586-718-7011
165 S Broad St, Grove City, PA for Sale
$1,050,000 USD
Bank - FOR SALE
1/8
null | 7.5% Cap Rate

165 S Broad St
Grove City, PA 16127


HIGHLIGHTS

  • Two income streams, one deal — separately leased bank (165 S Broad) + drive-thru/ATM (141 S Center)
  • Absolute NNN — zero landlord responsibility (taxes, insurance, roof, structure, HVAC, parking all tenant)
  • $86M+ in FDIC deposits at this branch — a dominant, sticky deposit base that signals long-term commitment, not closure risk
  • Investment-grade tenant — Citizens Bank, N.A. rated A- / A3 / BBB+ (S&P / Moody's / Fitch); subsidiary of Citizens Financial Group (NYSE: CFG), ~$227B
  • Built-in rent bumps — 5% increase at the 2028 option (NOI grows to $82,688)
  • Banking site since 1968 in the landmark 1912 Grove City National Bank building — irreplaceable downtown hard corner

OVERVIEW

AMC Real Estate is pleased to offer for sale this absolute NNN Citizens Bank & ATM in downtown Grove City, PA, priced at $1,050,000 (7.50% cap / $78,750 NOI). The offering includes two separately leased parcels — the landmark bank branch at 165 S Broad St and the drive-thru/ATM at 141 S Center St — both leased to Citizens Bank, N.A., the investment-grade operating subsidiary of Citizens Financial Group (NYSE: CFG), rated A- / A3 / BBB+ (S&P / Moody's / Fitch). The branch reports $86M+ in FDIC deposits and has operated as a banking site since 1968, anchoring a hard-corner location on Grove City's primary downtown corridor. With a true triple-net structure and zero landlord responsibilities, this is a passive, credit-backed asset with built-in rent growth and downtown real estate optionality.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank (NNN) & ATM | Grove City, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,343 SF

ZONING

-

APN/PARCEL ID

59-551-196

ASK ABOUT THIS PROPERTY

Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.