1071 Baltimore Pike - Bank FOR SALE


Glen Mills, PA 19342
$6,111,000 USD
949-724-5552
1071 Baltimore Pike, Glen Mills, PA for Sale
$6,111,000 USD
Bank - FOR SALE
1/6
null | 5.6% Cap Rate

1071 Baltimore Pike
Glen Mills, PA 19342


HIGHLIGHTS

  • Irreplaceable Hard Corner – Extreme High Barriers for Development
  • Highly Valuable Drive-Thru – Difficult to Get Approved
  • Absolute NNN Ground Lease – Citizens Bank – Glen Mills, PA
  • 2024 Deposits Over $106 Million - Deposits Up Over 30% Year Over Year Since 2020
  • Citizens Financial Group (NYSE: CFG) – 1,000 Branches & 3,300 ATMs - $174+ Billion in Total Bank Deposits

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,111,000 USD

PRICE/SF

$1,740 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C-2; Concord Twp

APN/PARCEL ID

13-00-00072-00

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.