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Citizens Bank 11060 Perry Hwy 2,944 SF Retail Building Wexford, PA 15090 $3,170,156 CAD ($1,076.82 CAD/SF) 6.25% Cap Rate
Investment Highlights
- High-performing branch location | Approx. $185M in deposits demonstrating the branch’s importance within Citizens Bank’s regional footprint
- Corporate lease | Citizens Bank, N.A. | One of the nation’s largest financial institutions with approx. 1,000 branches across the U.S. | BBB+ / Baa1
- Rare annual rent growth | 2.5% fixed annual rent increases provide a built-in hedge against inflation and enhance long-term cash flow growth
- Absolute Net lease | Zero Landlord responsibilities
- Proven tenant commitment | Operating at this location since 2007 and recently executed a 7-year lease extension in 2025
- Affluent surrounding area | $210,361 average household income within a 3-mile radius
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Citizens Bank in Wexford, PA. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Bank
Building Size
2,944 SF
Building Class
C
Year Built/Renovated
1975/2021
Price
$3,170,156 CAD
Price Per SF
$1,076.82 CAD
Cap Rate
6.25%
NOI
$198,155 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.81 AC
Zoning
Commercial
Parking
24 Spaces (8.15 Spaces per 1,000 SF Leased)
Frontage
167’ on Perry Hwy
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Numbers | Improvements Assessment | $504,390 CAD | |
| Land Assessment | $725,582 CAD | Total Assessment | $1,229,972 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$725,582 CAD
Improvements Assessment
$504,390 CAD
Total Assessment
$1,229,972 CAD
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Presented by
Citizens Bank | 11060 Perry Hwy
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