The Citizens Bank | 15 yr Sale Leaseback | Meridian, MS
Office | 6.75% CAP | 2,654 SqFt
Marketing description
Randall Commercial Group, LLC is pleased to present an exceptional sale leaseback opportunity in Meridian, MS. The property will be leased back to The Citizens Bank of Philadelphia, a well established MS-based community bank founded in 1908 with multiple branches statewide, under a new 15 yr ABS NNN lease commencing at closing, featuring 2% annual rent increases and five, 5 year renewal options. Situated along HWY 39, a key commercial corridor, the branch enjoys strong visibility and accessibility in a vital regional hub for east central Mississippi. Meridian is poised for significant growth, driven by the $10B Compass Datacenters hyperscale campus (ground broken in 2025, with phased development over 8 yrs), which is expected to deliver thousands of jobs, major infrastructure upgrades, and sustained economic momentum, building on established anchors such as Naval Air Station Meridian and the region's robust healthcare sector.
Investment highlights
Long Term Investment Opportunity: 15 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)
Strategic Location in Market: High visibility spot on US 45, near growing residential developments and Meridian's premier retail, dining, and entertainment hubs (including Meridian Crossroads with major brands like Chick-fil-A, Olive Garden, Hobby Lobby, and more).
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