The Citizens Bank | 12 Yr Sale Leaseback | Carthage, MS
Office | 6.75% CAP | 5,162 SqFt
Marketing description
Randall Commercial Group, LLC is pleased to present an exceptional sale leaseback opportunity in Carthage, MS. The property will be leased back to The Citizens Bank of Philadelphia, a well established Mississippi based community bank founded in 1908 with multiple branches statewide, under a new 12 year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five, 5 year renewal options. Situated at 301 West Main Street in the heart of downtown Carthage, the branch enjoys prominent visibility and accessibility along a central commercial corridor in Leake County's county seat and primary community hub. Carthage benefits from strong regional connectivity via intersecting major highways supporting steady traffic. The location serves a stable local economy driven by agriculture, manufacturing, health care, construction, and finance sectors, positioning the branch well in this vital central MS market.
Investment highlights
Long Term Investment Opportunity: 12 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
Established Tenant: Sale leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion and a history spanning over 100 years. The bank is an insured member of the FDIC
Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
Prime downtown Carthage location: Centrally positioned in the markets core commercial district, with excellent visibility and access via major highways (MS 16, 35, 25), this branch serves a steady rural market anchored by agriculture, large scale poultry processing, and essential services
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