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Net Lease Citizens Bank

Net Lease Citizens Bank Property Profile

Date May 17, 2017

Net Lease Citizens Bank – Typical Property and Lease Terms

 

Price Range:$1M - $3M
Cap Rate:5.75% - 6.25%
Net Income:$57,500 - $185,000
Price Per foot:$315 PSF - $575 PSF
Building Size:3,250 SF - 5,000 SF
Lot Size:0.5 Acre
Escalations:Flat
Lease Term:10 Years
Lease Type:NN
Credit Rating:A- (S&P)

Tenant Company Information:

Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Vermont.  Citizens Bank is the 20th-largest bank in the United States, operating more than 1,200 branches and approximately 3,200 ATMs.  Citizens Bank was established in 1828 as the High Street Bank in Providence, Rhode Island. In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Citizens Trust Company. The bank expanded through Rhode Island, opening a total of 29 branches in that state. It established Citizens Financial Group as a holding company when the bank acquired The Greenville Trust Company in 1954.  In 1985, Citizens Bank changed status from a mutual savings bank to a federal stock savings bank. Expansion into other states began with Massachusetts in 1986.  Citizens Bank is a publicly traded company on the New York Stock Exchange (Symbol: CFG) with a market capitalization in excess of $19 billion.

 

Website: www.citizensbank.com
Founded: 1828
Number of Locations: 1,200 Branches; 3,200 ATMs
Number of Employees: 17,500+
Headquarters: Providence, Rhode Island

 

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