23521 Van Dyke Ave
Warren, MI 48089
Southwest Warren
HIGHLIGHTS
- Absolute Triple Net Lease: Recently Extended Lease With 6 Years Remaining on the Lease Term and (2) Additional 5 Year Options
- High-Performing Branch Location: Over $116 Million in Deposits, and is the Only Bank Branch in That Zip Code, Reflecting Strong Consumer Loyalty
- Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution With a $7B+ Market Cap
- Drive-Thru Equipped Branch: Features Two Dedicated Drive-Thru Lanes, Supporting Modern Banking Needs and Operational Efficiency
- Recent Lease Extension Signals Tenant Commitment: Citizens’ Decision to Extend the Lease in 2025 Confirms Its Long-Term Operational Confidence
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,717 SF Citizens Bank Located at 23521 Van Dyke Rd in Warren, MI. This Deal Includes a Recently Extended Lease With 6 Years Remaining on the Lease Term and (2) Additional 5 Year Options, While Also Being Priced Well Below Replacement Cost, Providing For a Secured Investment.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$321 USD /SF
CAP RATE
6.24%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Citizens Bank - Warren, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1968
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
C-2
APN/PARCEL ID
12-13-28-432-036
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