165 S Broad St | Grove City, PA 16127
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165 S Broad St
Grove City, PA 16127
Auction - NNN Citizens Bank – Grove City · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STARTING BID $175,000 | $75k NOI | AUCTION OCTOBER 17-19, 2022
- Tenant Recently Signed Lease Extensions Through June 2025 with Lease Options Through June 2034
- Corporate Guarantee from Citizens Bank, N.A. (S&P: A-) | Historic Downtown Location: Both Sites are Within Close Proximity of Each Other
- Two Absolute NNN Leases with No Landlord Responsibilities Occupied by Citizens Bank
- Current NOI is $75,000 | Absolute NNN (Zero Landlord Responsibilities)
- Surrounding National Tenants: Rite Aid, McDonald’s, Dunkin’ Donuts, Little Caesars, and More
PROPERTY FACTS
Property Type
Retail
Property Subtype
Bank
Building Size
10,060 SF
Building Class
C
Year Built
1912
Tenancy
Single
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.12 AC
Frontage
39’ on Broad St
PROPERTY TAXES
| Parcel Number | 59-551-196 | Improvements Assessment | $81,150 |
| Land Assessment | $8,850 | Total Assessment | $90,000 |
PROPERTY TAXES
Parcel Number
59-551-196
Land Assessment
$8,850
Improvements Assessment
$81,150
Total Assessment
$90,000
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