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Citizens Bank 205 E Waterfront Dr 5,665 sq ft 100% Let Retail Property Homestead, PA 15120 £3,253,808 (£574.37/sq ft) 5.75% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Corporate Guarantee | Investment Grade Tenant (Fitch: BBB+) | $217.5 Billion in Assets
  • Situated Within The Waterfront Shopping Center | 4.9 Million Annual Visits
  • Pittsburgh Suburb | 2.3 Million Metro Residents
  • Absolute NNN Lease | 9 Years Remaining | 6% Rent Increases
  • Large 1.47-Acre Parcel Along Waterfront Drive | Ample Parking

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Property Size
5,665 sq ft
Costar Property Class
B
Year Built
2005
Price
£3,253,808
Price per sq ft
£574.37
Yield
5.75%
NOI
£187,077
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.09
Total Plot Size
1.47 ac
Use Class
C1
Parking
55 Spaces (9.71 Spaces per 1,000 sq ft Leased)
Frontage
113 ft on E Waterfront Dr

AMENITIES

  • Bus Route

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,111 sq ft
  • Restaurant
  • -
  • 30 Days

Second generation restaurant space with existing hood and walk-in cooler. Located near a bustling shopping area with high visibility at the Waterfront.

Space Size Space Use Position Available
1st Floor 3,111 sq ft Restaurant - 30 Days

1st Floor

Size
3,111 sq ft
Space Use
Restaurant
Position
-
Available
30 Days

1st Floor

Size 3,111 sq ft
Space Use Restaurant
Position -
Available 30 Days

Second generation restaurant space with existing hood and walk-in cooler. Located near a bustling shopping area with high visibility at the Waterfront.

Bike Score®
Good for cycling (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Chase
Bank of America
Citizens
Red Robin
PNC Bank
UFC Gym
Starbucks
Giant Eagle
LongHorn Steakhouse
P.F. Chang's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0130-E-00050-0000-00
Land Assessment
£545,642
Improvements Assessment
£642,150
Total Assessment
£1,187,792
  • Listing ID: 35675391

  • Date on Market: 29/04/2025

  • Last Updated:

  • Address: 205 E Waterfront Dr, Homestead, PA 15120

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