Citizens Bank | Abs NNN Ground Lease | 15% Rent Increases

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN ground lease with Citizens Bank in Glen Mills, PA. Citizens Financial Group Inc (NYSE: CFG) operates over 1,000 branches, and 3,300 ATMs across the U.S. with over $174 billion in annual deposits. The long-term ground lease has over 5 years remaining in the primary term with two 5-year option periods and zero landlord responsibilities making this asset ideal for an investor seeking passive cash flows. Additionally, above average rent increases—15% every 5 Years—create inflation-resistant income.

The 3,513 SF building with drive-thru on 1.07-acre parcel is strategically located on the irreplaceable hard corner signalized intersection of Baltimore Pike and State Farm Drive which sees over 39,200 VPD. The subject property is positioned within Glen Mill’s busiest retail corridor with The Shoppes at Brinton Lake, a 192,000 SF community center, being a half mile away and the 530,000 SF Concordville Town Centre being within a mile. Nearby retailers include Whole Foods, Target, Costco, The Home Depot, ACME Market, Wegmans, CVS, PetSmart, McDonald’s, Chick-fil-A, Texas Roadhouse, and more. 

This is an excellent opportunity to purchase an absolute NNN ground lease with extremely high barriers to entry and development with over $106 million in annual branch deposits.

Available