2233 E Pershing St - Bank FOR SALE
Salem, OH 44460 |
$734,815 USD
332-345-4222
2233 E Pershing St
Salem, OH 44460
HIGHLIGHTS
- Strong Site Commitment | Approximately 20 Years Of Operating History | Long-Term Tenant | Low Rent
- Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | Passive Investment | The property is subject to an absolute triple-net lease
- Corporate Guarantee | Citizens Financial Group Inc. (NYSE: CFG) | Citizens Bank (NYSE: CFG) is one of the region's largest financial institutions
OVERVIEW
Surmount is pleased to present the exclusive listing for a Citizens Bank located at 2233 East Pershing St., Salem, OH 44460. The site consists of roughly 2,900 rentable square feet of building space on an estimated 0.61-acre parcel of land. This Citizens Bank is subject to a 15-Year Triple Net (NNN) lease, which commenced 6/29/2006. The current annual rent is $49,692 and has scheduled increases of 2.00% annually.
FOR SALE DETAILS
PRICE
$734,815 USD
PRICE/SF
$253 USD /SF
CAP RATE
6.76%
% 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
1973
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.61 AC
LAND SF
26,572 SF
ZONING
M-1
APN/PARCEL ID
5100108000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
