Citizens Bank Real Estate Opportunities & Market Research
Citizens Bank
Lowest Cap Rate
5.47%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.37%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.00%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Citizens Bank is a retail bank offering an array of services, with 1,808 branches primarily in the Mid-Atlantic and New England regions. Leases offered by Citizens Bank are typically 15 year terms, and with rental escalations typically 10% every 5 years. Average sales price ranges from $3M to $6M.
Property & Lease
Sales Price Range$3,000,000 - $6,000,000
NOI Range$125,000 - $300,000
Building SF4,000
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolNYSE:CFG
Credit Rating
S&PA-
Moody'sBaa1
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
6.03
N/A
5.73
N/A
N/A
6.00
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Parma, OH6.50%
Visalia, CA6.00%
Rochester, NH6.00%
Top Consumer Traffic
Philadelphia, PA244,500*
N. Attleboro, MA238,700*
Center City Philly, PA230,900*
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
