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Citizens Bank
$1,660,000
7205 North Wayne Road, Westland, MI 48185
6
Cap Rate
100,000
NOI
Details:
Description:
ABSOLUTE NNN LEASE:
Zero landlord responsibilities, Tenant responsible for all building repairs and replacements.
CREDIT TENANT:
Citizens Bank (NYSE: CFG) is one of the region’s largest financial institutions with over 1,100 bank branches and 17,500 employees. Citizens currently has over $151 Billion in deposits and an A-2 S&P Credit Rating.
REGIONAL TRADE AREA:
Subject property sits in the heart of Westland’s retail corridor surrounded by national tenants such as Lowe’s, Meijer, Target, Best Buy, Kohl’s, Ashley, Harbor Freight, Burlington, Five Below, etc.
LONG-STANDING TENANT:
Citizens Bank has been at this location since 2006 and recently signed a new lease renewal in May of 2020.
EXCELLENT ACCESS POINTS:
There are two access points into the property off Warren Road, one access off Wayne Road and one access through Westland Mall parking lot.
Documents:
| Title | ||
|---|---|---|
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Citizens_Bank-Westland__MI-OM__2022_.pdf
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Location
Gallery
