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1825 Hwy 39 N
Meridian, MS 39301
Citizens Bank | Meridian, MS · Retail Property For Sale
Investment Highlights
- Long-Term Investment Opportunity: 15 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
- The bank is an insured member of the FDIC
- Strategic Location: High-visibility spot on US 45, near growing residential developments & Meridian's premier retail, dining, & entertainment hubs
- Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion & a history spanning over 100 yrs
- Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
Executive Summary
Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in Meridian, MS. The property will be leased back to The Citizens Bank of Philadelphia—a well-established MS-based community bank founded in 1908 with multiple branches statewide—under a new 15-yr ABS NNN lease commencing at closing, featuring 2% annual rent increases and five, 5-year renewal options. Situated along HWY 39, a key commercial corridor, the branch enjoys strong visibility and accessibility in a vital regional hub for east-central Mississippi. Meridian is poised for significant growth, driven by the $10B Compass Datacenters hyperscale campus (ground broken in 2025, with phased development over 8 yrs), which is expected to deliver thousands of jobs, major infrastructure upgrades, and sustained economic momentum, building on established anchors such as Naval Air Station Meridian and the region's robust healthcare sector.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Bank
Building Size
2,654 SF
Building Class
C
Year Built
1978
Price
$1,609,198 CAD
Price Per SF
$606.33 CAD
Cap Rate
6.75%
NOI
$108,621 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.47 AC
Property Taxes
| Parcel Number | 083-08-4-3811-003-00100 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $78,475 CAD |
Property Taxes
Parcel Number
083-08-4-3811-003-00100
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$78,475 CAD
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