Citizens Bank (NNN) & ATM | Grove City, PA | 7.50% Cap
Investment-Grade Bank (A-/A3/BBB+) | Absolute NNN | $86M+ Branch Deposits | Two-Parcel Downtown
Marketing description
- Investment-grade tenant — Citizens Bank, N.A. rated A- / A3 / BBB+ (S&P / Moody's / Fitch); subsidiary of Citizens Financial Group (NYSE: CFG), ~$227B in assets
- $86M+ in FDIC deposits at this branch — a dominant, sticky deposit base that signals long-term commitment, not closure risk
- Absolute NNN — zero landlord responsibility (taxes, insurance, roof, structure, HVAC, parking all tenant)
- Two income streams, one deal — separately leased bank (165 S Broad) + drive-thru/ATM (141 S Center)
- Built-in rent bumps — 5% increase at the 2028 option (NOI grows to $82,688)
- Banking site since 1968 in the landmark 1912 Grove City National Bank building — irreplaceable downtown hard corner
- Strong trade-area fundamentals — college-town economy anchored by Grove City College, UPMC Horizon, and the I-79 / Pittsburgh corridor
- Passive, low-management coupon ideal for 1031
Investment highlights
AMC Real Estate is pleased to offer for sale this absolute NNN Citizens Bank & ATM in downtown Grove City, PA, priced at $1,050,000 (7.50% cap / $78,750 NOI). The offering includes two separately leased parcels — the landmark bank branch at 165 S Broad St and the drive-thru/ATM at 141 S Center St — both leased to Citizens Bank, N.A., the investment-grade operating subsidiary of Citizens Financial Group (NYSE: CFG), rated A- / A3 / BBB+ (S&P / Moody's / Fitch). The branch reports $86M+ in FDIC deposits and has operated as a banking site since 1968, anchoring a hard-corner location on Grove City's primary downtown corridor. With a true triple-net structure and zero landlord responsibilities, this is a passive, credit-backed asset with built-in rent growth and downtown real estate optionality.
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