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Citizens Bank 1071 Baltimore Pike 3,513 SF Retail Building Glen Mills, PA 19342 $7,889,888 CAD ($2,245.91 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- This location boasts a strong history of bank deposits, reaching $179.18 million in 2025 - a 68.57% increase from 2024.
- itizens Bank benefits from Glen Mills’ strong demographics, including a population of 77,062 within a 5-mile radius and an average household income of
- Citizens Bank operates nearly 1,000 branches across 15 states and territories, with total deposits of $178.7 B as of June 30, 2025
- Glen Mills is located just 20 miles west of Philadelphia and is part of the Philadelphia MSA
EXECUTIVE SUMMARY
Equity CRE is pleased to present to qualified investors the opportunity to purchase a free-standing property leased to Citizens Bank. The asset is secured by a triple-net (NNN) ground lease, with an initial term extending through October 31, 2030, and two additional 5-year renewal options. The tenant, Citizens Bank of Pennsylvania, is a subsidiary of Citizens Financial Group. Inc. Citizens Bank is an investment-grade operator rated A- by Standard & Poor’s, with just under 1,000 locations across more than 15 states and territories.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,513 SF
Building Class
C
Year Built
2010
Price
$7,889,888 CAD
Price Per SF
$2,245.91 CAD
Cap Rate
6%
NOI
$473,393 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.07 AC
Zoning
C-2; Concord Twp
Parking
30 Spaces (8.54 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-00-00072-00 | Improvements Assessment | $2,761,996 CAD |
| Land Assessment | $502,052 CAD | Total Assessment | $3,264,048 CAD |
PROPERTY TAXES
Parcel Number
13-00-00072-00
Land Assessment
$502,052 CAD
Improvements Assessment
$2,761,996 CAD
Total Assessment
$3,264,048 CAD
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Citizens Bank | 1071 Baltimore Pike
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