Citibank

Tenant Description

Citibank is the third largest bank holding company in the United States with over $2 trillion in total assets. Its strongest presence is in California (with largest market shares found in San Francisco and Los Angeles), and it serves 100+ million clients in 40+ countries.

Citibank provides credit cards, mortgages, personal loans, commercial loans, and lines of credit. Citibank’s private-label credit card division, Citi Retail Services, issues store-issued credit cards for such companies as: Costco, The Home Depot, American Airlines and Shell Oil.

What To Look For When Buying A Citibank

What are the total deposits at this location? Many think that physical bank branches are being strongly effected by online banking. You can look up any individual bank branch deposits at the FDIC website

https://www5.fdic.gov/sod/sodInstBranch.asp?barItem=1

What We Like About Citibank

Strong Corporate Guarantee, Annual Rental Increases

Competition

Chase, Bank Of America, Wells Fargo

Citibank Website

https://online.citi.com/US/login.do

Corporate Office Location

701 East 60th Street North – Sioux Falls, South Dakota 57104

Fast Facts

Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York.

As a result of the financial crisis of 2007–2008 and huge losses in the value of its subprime mortgage assets, Citigroup, the parent of Citibank, received a bailout in the form of an investment from the U.S. Treasury.

Stock Price
Tenant News
Average Cap Rate Trend
5.00%
2019
5.25%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$3,000,000
Average Annual Rental Income$160,000
Average Price/ SF $500/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations1.5% Annually
Credit Rating
S & PBBB+ Stable
Moody'sBaa1 Stable

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