850 Penn Ave - Bank FOR SALE


Turtle Creek, PA 15145
$1,548,000 USD
216-264-2000
850 Penn Ave, Turtle Creek, PA for Sale
$1,548,000 USD
Bank - FOR SALE
1/2
null | 7.75% Cap Rate

850 Penn Ave
Turtle Creek, PA 15145


HIGHLIGHTS

  • Citizens Bank Abs NNN Lease with 5.3 Years Remaining in Suburban Pittsburgh, PA
  • Recent 5-Year Extension thru July 2030, Demonstrating Continued Commitment to the Site
  • Strong Deposits of $87M & 22% Cumulative Increase in Deposits Over Trailing 6 Years
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Lessee Entity Citizens Bank, N.A. Carries S&P "A-" High Investment-Grade Credit Rating with Stable Outlook
  • Located Along Penn Ave, Just 500 Feet off of the Tri-Boro Expressway (Major East-West Arterial) with 10,670 VPD

FOR SALE DETAILS

PRICE

$1,548,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citizens Bank| Abs NNN | Strong Deposits

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C

APN/PARCEL ID

0455-P-00050-0000-00

ASK ABOUT THIS PROPERTY

Scott WilesMarcus & MillichapMore Info
216-264-2000

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

Scott WilesMarcus & MillichapMore Info
216-264-2000

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