2233 E Pershing St - Bank FOR SALE


Salem, OH 44460
$705,000 USD
332-345-4222
2233 E Pershing St, Salem, OH for Sale
$705,000 USD
Bank - FOR SALE
1/2
null | 6.77% Cap Rate

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

NNN Pro is pleased to present the exclusive listing for a Citizens Bank located at 2233 East Pershing Street, Salem, Ohio 44460. The site consists of roughly 2900 rentable square feet of building space on an estimated 0.61-acre parcel of land. This Citizens Bank is subject to a 21-year Triple Net (NNN) lease, which commenced 6/29/2006. The current annual rent is $47,763 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$705,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

6.77%

% 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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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