List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchCitizens Bank – Clinton Township, MI
Citizen's Bank
15341 19 Mile Road, Clinton Township, MI 48038, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,910 SF Citizens Bank Located at 15341 19 Mile Road in Clinton Township, MI. This Deal Includes a Attractive Investment Metrics and Passive Income With Long-Term Growth Potential Absolute NNN Lease Having No Landlord Responsibilities and Attractive Rent Increases, Providing For a Secured Investment.
- Absolute NNN Lease With No Landlord Responsibilities: Recently Extended Lease With 6 Years of Term Remaining, Plus (3) 5-Year Renewal Options and 2% Annual Rent Increases
- High-Performing Branch Location: Over $124 Million in Deposits, Accounting For 14.19% Market Share in the Zip Code, Reflecting Strong Consumer Loyalty and Operational Success
- Investment-Grade Credit Tenant: Backed By Citizens Financial Group (NYSE: CFG), a Publicly Traded Financial Institution With a $7B+ Market Cap and Over 1,100 Branches Across 11 States
- Excellent Visibility & Dual Street Access: Positioned Just Off the Hard Corner of 19 Mile Rd (19,680 VPD) and Hayes Rd (37,720 VPD), With Pylon Signage and Access From Both Roads
- Drive-Thru Equipped Branch: Features Two Dedicated Drive-Thru Lanes, Supporting Modern Banking Needs and Operational Efficiency
- Proximity to Major Demand Drivers: Located 1.5 Miles From Ford Macomb Hospital, Surrounded By Dense Residential Development and Regional Employers
- Established Retail Corridor: Nearby National Retailers Include Meijer, CVS, Dunkin’, AutoZone, Valvoline, and Others, Creating Strong Cross- Shopping Traffic and Reinforcing the Site’s Location Quality
- Recent Lease Extension Signals Tenant Commitment: Citizens’ Decision to Extend the Lease in 2023 Confirms Its Long-Term Operational Confidence in the Site
IN COOPERATION WITH: Sands Investment Group Michigan, LLC – Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman – MI Lic. # 6502424113
Citizen's Bank
15341 19 Mile Road, Clinton Township, MI 48038, USA
CITIZENS BANK
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $219.9 billion in assets as of June 30th, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and more than 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings.
Similar Listings
NAPA Auto Parts & Webster Bank | Monroe, CT
Monroe, Connecticut
Cap Rate: 7.06%
$2,366,000
Available
Price
$2,070,740
Cap Rate
5.75%
PREMISES
3,910 SF
RENEWAL OPTIONS
3 x 5 Year Options
Lease Expiration
07/01/2031
Lease Type
Absolute NNN
RENTAL INCREASES
2% Annually
BROKERS
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.