Net Lease Citizens Bank Property Profile Date September 17, 2020
Net Lease Citizens Bank – Typical Property and Lease Terms
| Price Range: | $1M - $3M |
|---|---|
| Cap Rate: | 6.75% |
| 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, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, South Carolina, Pennsylvania, Rhode Island and Vermont.
Between 1988 and its 2014 initial public offering, Citizens was a wholly owned subsidiary of The Royal Bank of Scotland Group.[2] RBS sold its last 20.9% stake in the company in October 2015.
Citizens operates more than 1,200 branches and approximately 3,200 ATMs across 11 states under the Citizens Bank brand.[3]
Citizens ranks 24th on the List of largest banks in the United States.
Back