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Investment Highlights

  • True passive income with no landlord responsibilities.
  • Features a 7-year absolute NNN lease.

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.

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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
$3,067,834 CAD
Price Per SF
$1,042.06 CAD
Cap Rate
6.29%
NOI
$192,950 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 Financial Group began in 1828 and has grown into a major U.S. banking franchise. The company provides retail and commercial banking, wealth management, private banking, small business banking, and corporate and investment banking services. Citizens also offers student loans, home equity products, credit cards, online banking, and mobile banking, creating a broad mix of consumer and business financial services. The business serves individuals, small businesses, middle-market companies, large corporations, and institutions through a wide range of financial products and advisory solutions.

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]
Burn Boot Camp
Goldfish Swim School-Wexford
Yoga Six
Huntington National Bank
Bank of America
Starbucks
Whole Foods Market
CrossFit
StretchLab

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 1499-R-00015-0000-00
  • 1499-R-00016-0000-00
Land Assessment
$721,475 CAD
Improvements Assessment
$501,535 CAD
Total Assessment
$1,223,009 CAD
  • Listing ID: 38477975

  • Date on Market: 2025-11-17

  • Last Updated:

  • Address: 11060 Perry Hwy, Wexford, PA 15090

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