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Citizens Bank 907 22nd St 4,661 SF Retail Building Aliquippa, PA 15001 $1,883,582 CAD ($404.12 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Credit: The lease is guaranteed by Citizens Bank, N.A., an investment-grade credit tenant with an S&P rating of A-.
- itizens has operated at this location since 2007 and, in July 2025, exercised its option to extend the lease for an additional five years
- Strong Bank Deposit History: This location benefits from a strong history of deposits, with $167.65 million in 2025.
- The site is located just 18 miles northwest of Pittsburgh, the second-largest city in Pennsylvania.
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 backed by a triple-net (NNN) lease, which the tenant extended for an additional five years in July 2025. 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 over 1,000 locations across more than 14 states.
In 2025, deposits at this Citizens Bank totaled $167.65 million. Over the past six years, deposits have ranged between $164.96 million and $175.08 million, demonstrating the bank’s resilience and continued financial stability. Located just 18 miles from downtown Pittsburgh, the property sits in the retail corridor of Aliquippa, with nearby tenants including the United State Postal Service, Aldi, Dollar General, AutoZone, and Dunkin Donuts. The surrounding area boasts demographics of over 27,496 households and an average household income exceeding $82,071 in a five-mile radius— supporting robust consumer demand and reinforcing the long-term value of this investment.
In 2025, deposits at this Citizens Bank totaled $167.65 million. Over the past six years, deposits have ranged between $164.96 million and $175.08 million, demonstrating the bank’s resilience and continued financial stability. Located just 18 miles from downtown Pittsburgh, the property sits in the retail corridor of Aliquippa, with nearby tenants including the United State Postal Service, Aldi, Dollar General, AutoZone, and Dunkin Donuts. The surrounding area boasts demographics of over 27,496 households and an average household income exceeding $82,071 in a five-mile radius— supporting robust consumer demand and reinforcing the long-term value of this investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,661 SF
Building Class
C
Year Built
1953
Price
$1,883,582 CAD
Price Per SF
$404.12 CAD
Cap Rate
6.50%
NOI
$122,431 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.14 AC
Zoning
CC
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Banking
- Pylon Sign
- Signage
- Drive Thru
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-046-1200.000 | Improvements Assessment | $360,863 CAD |
| Land Assessment | $115,067 CAD | Total Assessment | $475,930 CAD |
PROPERTY TAXES
Parcel Number
08-046-1200.000
Land Assessment
$115,067 CAD
Improvements Assessment
$360,863 CAD
Total Assessment
$475,930 CAD
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Citizens Bank | 907 22nd St
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