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11060 Perry Hwy 2,944 SF Retail Building Wexford, PA 15090 $3,007,620 CAD ($1,021.61 CAD/SF) 6.29% Cap Rate
Investment Highlights
- True passive income with no landlord responsibilities.
Executive Summary
Tenant has occupied this location since 2007 and is operating under a 7-year absolute NNN lease, leaving no responsibilities to the Landlord. Citizens Bank just renewed for 7 years and has two, five-year options that extend into 2042. The lease provides the Landlord 2.5% annual rent increases, creating passive income with a built-in hedge against inflation for the Landlord.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,944 SF
Building Class
C
Year Built/Renovated
1975/2021
Price
$3,007,620 CAD
Price Per SF
$1,021.61 CAD
Cap Rate
6.29%
NOI
$189,163 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.76 AC
Zoning
C-1 (Community Service C
Parking
25 Spaces (8.49 Spaces per 1,000 SF Leased)
Frontage
167’ on Perry Hwy
Amenities
- Banking
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- 2,944 SF
- -
- -
Citizens Bank began in 1828 as High Street Bank in Providence, Rhode Island. The company expanded operations throughout New England and beyond, establishing a presence in 14 states and Washington, DC. Citizens Bank offers consumer banking products, including checking and savings accounts, plus commercial services such as loans and treasury management. The bank serves individuals, small businesses, and large corporations through both physical branches and digital platforms.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | 2,944 SF | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
![[solidcore]](https://images.loopnet.ca/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Numbers | Improvements Assessment | $499,757 CAD | |
| Land Assessment | $718,917 CAD | Total Assessment | $1,218,674 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$718,917 CAD
Improvements Assessment
$499,757 CAD
Total Assessment
$1,218,674 CAD
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11060 Perry Hwy
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