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Virtual Drive-By

Citizens Bank Absolute NNN

11060 Perry Highway · Wexford, PA 15090 · Banking / Financial

Asking price
$2,269,000
Cap rate
6.25%
NOI
$141,827

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Lease

Lease typeAbsolute NNN
Term remaining6.0 yrs
Expiration06/2032
Rent bumps2.50% Annually
OptionsTwo, 5-Year
Ground lease
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF2,944
Price / SF$771
Year built1975
Lot size0.81 ac
TypeBank
Days on market46

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​High-performing branch location | Approx. $185M in deposits demonstrating the branch's importance within Citizens Bank's regional footprint
  • ​Absolute Net lease | Zero Landlord responsibilities
  • ​Corporate lease | Citizens Bank, N.A. | One of the nation's largest financial institutions with approx. 1,000 branches across the U.S. | BBB+ / Baa1 investment-grade credit
  • ​Proven tenant commitment | Operating at this location since 2007 and recently executed a 7-year lease extension in 2025, reinforcing longterm confidence in the site
  • ​Rare annual rent growth | 2.5% fixed annual rent increases provide a built-in hedge against inflation and enhance long-term cash flow growth
  • ​Excellent visibility and accessibility | Prominent frontage along Perry Highway | 32,000+ VPD | Primary retail corridor serving affluent surrounding North Pittsburg suburbs
  • ​Affluent surrounding area | $210,361 average household income within a 3-mile radius
  • ​Strong population fundamentals | Nearly 89,000 residents within 5 miles and population growth of 16.84% since 2010
  • ​Established retail trade area | Surrounded by more than 2M SF of retail and daily-needs destinations within a 2-mile radius
  • ​Healthcare and education drivers nearby | Minutes from major regional hospitals and educational institutions that generate consistent daytime population and economic activity
  • ​Nearby Destination Retailers | Target, ALDI, Trader Joe's, Whole Foods, Lowe's, HomeGoods, LongHorn Steakhouse, Texas Roadhouse, First Watch, Chick-fil-A, Starbucks, McDonald's, KFC, Sheetz, 7-Eleven, and an abundance of others
  • ​Strategic Pittsburgh suburb | Located approx. 20 minutes north of downtown Pittsburgh in one of the region's most desirable residential and commercial submarkets

Property overview

Citizens Bank is located in Wexford, approximately 20 minutes north of downtown Pittsburgh in the Pittsburgh MSA.​ The property features prominent frontage along Perry Highway with over 32,000 vehicles per day.​ The bank branch has been operating at this location since 2007 and recently executed a 7-year lease extension in 2025, demonstrating long-term tenant commitment to the site.​

The surrounding trade area is characterized by affluent demographics, with an average household income of $210,361 within a 3-mile radius and nearly 89,000 residents within 5 miles.​ The property benefits from its position within an established retail corridor surrounded by more than 2 million square feet of retail and daily-needs destinations within a 2-mile radius.​

The branch maintains strong deposit performance with approximately $185 million in deposits as of 2025, demonstrating the location's importance within Citizens Bank's regional footprint.​ The property is situated near major regional hospitals and educational institutions that generate consistent daytime population and economic activity.​

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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.