Citizens Bank

28455 Schoenherr Rd., Warren, MI 48088

PROPERTY DETAILS

  • Cap Rate 7.0%
  • Leasable Area 4,636 sq ft

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INVESTMENT OVERVIEW

- Absolute NNN Lease - Early Five Year Lease Renewal (5+ Years on Current Term) - Strong Customer Deposits in Excess of $52.2M - Long Term Operating History at This Location - Investment Grade Tenant - Citizens Bank, N.A. - Rent Just Reduced by 20% and is Now Below Fair Market Rates - Tenants Operating Costs Went Down Significantly in a Growing Economy and While Consumer Deposits Have Increased

PROPERTY INFORMATION

Price:
$1,478,571
Cap Rate:
7.0%
Lease Term:
5 years
Status:
Closed

LOCATION INFORMATION

Address:
28455 Schoenherr Rd., Warren, MI 48088


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