Tenant Exercised Five-Year Option Early – Long Term Commitment to the Site
• Investment Grade Credit Tenant – S&P Rating: A-
• 2% Rental Increases Annually with 3, 5 Year Options
• Long Term Tenant – Been Operating at Location since 2006
• Citizens Bank has a Market Cap in Excess of $16 Billion
• Branch has over $33 Million in Deposits – More than 22% of the Overall
Market Share by Zip Code
• Absolute NNN Lease – No Landlord Responsibilities
• Center of Town’s Main Retail Corridor – Nearby Tenants Include:
Lowe’s, Kroger, McDonald’s, Wendy’s, Burger King and Many Others