Citizens Bank | Glen Mills

Equity CRE is pleased to present to qualified investors the opportunity to purchase a free-standing property leased to Citizens Bank. The asset is secured by a triple-net (NNN) ground lease, with an initial term extending through October 31, 2030, and two additional 5-year renewal options. The tenant, Citizens Bank of Pennsylvania, is a subsidiary of Citizens Financial Group. Inc. Citizens Bank is an investment-grade operator rated A- by Standard & Poor’s, with over 1,000 locations across more than 14 states.

• Investment Grade Credit: Citizens Bank of Pennsylvania, a subsidiary of Citizens Financial Group, Inc., is an investment-grade credit tenant with an S&P rating of A-. Citizens Bank operates over 1,000 branches across approximately 14 states, with total deposits of $179.5 billion as of 2024.
• Strong Bank Deposit History: This location boasts a strong history of bank deposits, reaching $106.29 million in 2024 — a 24.73% increase from 2023.
• Strong Demographics / Affluent Area: Citizens Bank benefits from Glen Mills’ strong demographics, including a population of 77,062 within a 5-mile radius and an average household income of $179,736.
• Philadelphia MSA: Glen Mills is located just 20 miles west of Philadelphia and is part of the Philadelphia MSA — the 8th largest metropolitan area in the U.S., with a population of approximately 6.25 million residents.