Citizens Bank | NNN | Aliquippa, PA
Triple-Net Citizens Bank available for sale in Pittsburgh MSA
Marketing description
Equity CRE is pleased to present to qualified investors the opportunity to purchase a free-standing property leased to Citizens Bank. The asset is backed by a triple-net (NNN) lease, which the tenant extended for an additional five years in July 2025. The tenant, Citizens Bank of Pennsylvania, is a subsidiary of Citizens Financial Group. Inc. Citizens Bank is an investment-grade operator rated A- by Standard & Poor’s, with over 1,000 locations across more than 14 states.
In 2025, deposits at this Citizens Bank totaled $167.65 million. Over the past six years, deposits have ranged between $164.96 million and $175.08 million, demonstrating the bank’s resilience and continued financial stability. Located just 18 miles from downtown Pittsburgh, the property sits in the retail corridor of Aliquippa, with nearby tenants including the United State Postal Service, Aldi, Dollar General, AutoZone, and Dunkin Donuts. The surrounding area boasts demographics of over 27,496 households and an average household income exceeding $82,071 in a five-mile radius— supporting robust consumer demand and reinforcing the long-term value of this investment.
Investment highlights
Investment Grade Credit: The lease is guaranteed by Citizens Bank, N.A., an investment-grade credit tenant with an S&P rating of A-. Citizens Bank, N.A. operates over 1,000 branches across approximately 14 states, with $179.5 billion in deposits in 2024.
Strong Bank Deposit History: This location benefits from a strong history of deposits, with $167.65 million in 2025. Over the past six years, deposits have ranged between $164.96 million and $175.08 million. Among the 31 banks in Beaver County, this Citizens branch ranks fourth in total deposits.
Long-Term Commitment to the Location: Citizens has operated at this location since 2007 and, in July 2025, exercised its option to extend the lease for an additional five years, demonstrating the tenant’s long-term commitment to the location.
Pittsburgh MSA: The site is located just 18 miles northwest of Pittsburgh, the second-largest city in Pennsylvania, with a population of approximately 307,668 residents.
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