Citizens Bank 1516 Western Ave

Transwestern, in conjunction with Ten-X, is pleased to offer for sale via auction 1516 Western Avenue, a 3,926-square-foot single-tenant building located in a prime retail node of Albany, New York. The property is situated on 1.12-acres of land and is fully leased to Citizens Bank through July of 2026 with three (3) five-year tenant options to extend. Bidders are encouraged to review the documents provided on the auction site, which will be updated periodically. This asset is being offered as-is and free and clear of debt. The property is located at the southeast corner of Western Avenue and Schoolhouse Road's stoplight intersection, just east of Interstate 87. The immediate area is filled with retail, including Crossgates Mall, a super-regional mall containing Macy's, Dick's Sporting Goods, and JC Penny. Immediately east on Western Ave is the University of Albany, home to 17,955 students. This bank branch has two drive-thru lanes and one freestanding drive-up ATM. This branch has over $99M in deposits. Citizens Financial Group, Inc. is a publicly-traded company (NYSE: CFG) with a market cap of over $16 billion. "Citizens" operates more than 1,100 branches and approximately 2,700 ATMs across 11 states, from New England to Michigan, under the Citizens Bank brand. Citizens recently completed a new, 3,200-employee corporate campus, moving its headquarters from Providence to the adjacent town of Johnston, Rhode Island. Property Listed By Transwestern | Patrick Heeg | NY Lic 10491208060