Property Details

Citizens Bank

Philadelphia, PA
Property ID: 15003

Financial Summary

Asking Price $1,600,000
Cap Rate 5.63%
Net Operating Income (NOI) $90,000
Lease Type NN
Lease Term Remaining 8 Years
Increases 10% in Year 6

Offering Memorandum

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Contact

Richard Murphy, CCIM
Senior Vice President U.S. Capital Markets Net Lease Group
571.449.8234
Brent Glodowski
Director
212.230.5996
Jonathan W. Hipp
Capital Markets Head of U.S. Net Lease Group
703.787.4725

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Highlights

  • Dense urban location
  • Investment grade tenant
  • Minimal landlord responsibilities
  • Ideal price point for 1031 Buyer
  • Transit oriented site adjacent to 52nd Street Station on SEPTA

Location

5129 Market Street
Philadelphia, PA

Leigh ClineCitizens Bank