The Citizens Bank // 25-Year NNN Ground Lease | 000 Sisk Avenue Ave
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The Citizens Bank // 25-Year NNN Ground Lease 000 Sisk Avenue Ave
7,584 SF Retail Building Oxford, MS 38655 $2,142,222 ($282/SF) 4.50% Cap Rate
Investment Highlights
- Established Tenant: The Citizens Bank of Philadelphia, a Mississippi banking corporation (Citizens Bank is an insured member of the FDIC
- Passive Investment: 25-Year Initial Ground Lease with 10% rent increases every five (5) years during the initial term and each option
- The Citizens Bank of Philadelphia is owned by a one-bank, publicly traded holding company Citizens Holding Company (NASDAQ:CIZN) (Source: https://www.
- Booming Commercial Thoroughfare: Located in the rapidly growing east side of Oxford, MS, the Oxford Commons master-planned development with premiere n
Executive Summary
Randall Commercial Group, LLC is pleased to offer for sale this Ground Lease Investment Opportunity located on Sisk Avenue South in Oxford, MS, a growing and newly constructed commercial thoroughfare surrounded by several premiere national retailers. The investment opportunity is fully leased to The Citizens Bank of Philadelphia, Mississippi's 7th largest bank with over 26 locations across the Southeast. The immediate area has experienced significant growth in recent years with the development of new schools, retailers, student housing, hotels, professional offices, restaurants, senior living communities, high-end residential subdivisions, and mixed-use projects as part of the Oxford Commons Master-Planned Development. Oxford is home to the University of Mississippi which has recently set records for growth and enrollment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
7,584 SF
Building Class
B
Construction Status
Proposed
Price
$2,142,222
Price Per SF
$282
Cap Rate
4.50%
NOI
$96,400
Tenancy
Single
Building Height
2 Stories
Building FAR
0.15
Lot Size
1.20 AC
Opportunity Zone
Yes
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 135J-22-002.15 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $36,000 |
PROPERTY TAXES
Parcel Number
135J-22-002.15
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$36,000
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The Citizens Bank // 25-Year NNN Ground Lease | 000 Sisk Avenue Ave
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