6537 Castor Ave Philadelphia, PA 19149-2708

This exceptional investment opportunity presents a 3,507 square foot Citizens Bank located at 6537 Castor Avenue, Philadelphia, PA 19149. The property, built in 1972 and situated on a 0.19-acre lot, is currently operating at 100% occupancy under an Absolute NNN lease with a corporate guarantee. The lease commenced June 14, 2007, and has a remaining term of 5.6 years, expiring June 30, 2030. Two five-year lease options exist at market rent. The annual rent includes a 2.5% increase, ensuring consistent growth. The asking price is $2,246,153, representing a price per square foot of $640.48 and a 6.50% cap rate. The property boasts a Net Operating Income (NOI) of $146,000. This Citizens Bank branch has a long operational history, exceeding 17 years, and maintains a significant deposit base. Its location within a high-density, walkable area of Philadelphia offers strong potential for future appreciation. The property's strong tenant, lease terms, and location make it an attractive investment for those seeking a stable, high-yielding asset. This is a rare opportunity to acquire a well-established bank branch in a prime Philadelphia location.