Citizens Bank
Overview
Citizens Bank is a retail bank offering an array of services, with 1,808 branches primarily in the Mid-Atlantic and New England regions. Leases offered by Citizens Bank are typically 15 year terms, and with rental escalations typically 10% every 5 years. Average sales price ranges from $3M to $6M.
Lowest Cap Rate
4.50%
Average Cap Rate
5.71%
Property & Lease
Average Sale Price
$3,000,000 – $6,000,000
Average NOI
$125,000 – $300,000
Building SF
4,000
Lease Term
15 Years
Escalations
10% Every 5 Years
Stock Symbol
NYSE:CFG
Credit Rating
S&P
A-
Moody’s
Baa1