6537 Castor Ave - Bank FOR SALE


Philadelphia, PA 19149
$2,246,153 USD
610-295-5697
6537 Castor Ave, Philadelphia, PA for Sale
$2,246,153 USD
Bank - FOR SALE
1/3
null | 6.5% Cap Rate

6537 Castor Ave
Philadelphia, PA 19149


HIGHLIGHTS

  • Citizens Bank Has an A- Credit Rating From S&P
  • Deposits in Excess of $108MM, One (1) of Only Four (4) Bank Branches in Northeast Philadelphia With Deposits Over $100MM
  • Citizens Bank Has Been the Tenant Since 2007 and Recently Exercised a 5-Year Option, Showing a Commitment to the Site
  • The Absolute NNN Lease is Attractive For a 1031 Exchange Buyer
  • The Rent is in Line With Other National Retailers in the Area, Proving to Be Replaceable
  • High-Density Walkable Location With a Growing Population of Seniors in the Immediate Area

OVERVIEW

Sands Investment Group is Pleased to Present Exclusively For Sale a 3,507 SF Citizens Bank in a Prime Location in Philadelphia, PA. Citizens Bank is an A- Credit Rated Tenant and Their Absolute NNN Lease Was Recently Extended through June of 2030, With a 2.5% Rent Increase in Each Year. This Citizens Bank Branch Has Operated For Over 17 Years and Boasts an Impressive Deposit Base in Excess of $108 Million Dollars. It’s Location in a Highly-Dense Area of Philadelphia Features Rents in Line With Other Local Retailers, Providing For a Sound Investment. In Cooperation With Sands Investment Group Philadelphia, LLC - Lic. #RB069072 BoR: Tom Gorman Lic. PA #RM424383

FOR SALE DETAILS

PRICE

$2,246,153 USD

PRICE/SF

$640 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank - Philadelphia, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C7

APN/PARCEL ID

882963005

ASK ABOUT THIS PROPERTY

Bart TantilloSands Investment GroupMore Info
610-295-5697

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Bart TantilloSands Investment GroupMore Info
610-295-5697

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