The Citizens Bank | 15 Yr Sale Leaseback | Pascagoula, MS

Investment Overview

Randall Commercial Group, LLC is pleased to present an exceptional sale-leaseback opportunity in Pascagoula, MS. The property will be leased back to The Citizens Bank of Philadelphia—a well-established MS-based community bank founded in 1908 with multiple branches statewide—under a new 15-year absolute NNN lease commencing at closing, featuring 2% annual rent increases and five 5-year renewal options. Situated on high-traffic Jackson Avenue, the branch offers prime visibility, accessibility, and exposure in Pascagoula's central business district. As the anchor of the Mississippi Gulf Coast's premier industrial and port-driven hub, Pascagoula benefits from massive nearby employers like Ingalls Shipbuilding (Huntington Ingalls Industries, MS's largest private employer with ~11K workers), Chevron Pascagoula Refinery (the state's largest refinery), and Port Pascagoula (generating $18.3B+ in annual economic output and supporting 28,000+ jobs statewide)—solidifying southern Mississippi’s core economic market.

Investment Highlights

• Long-Term Investment Opportunity: 15 Year Initial Term with Absolute NNN Lease Structure and Corporate Guarantee
• Established Tenant: Sale-leaseback to a top 200 regional community bank with reported assets exceeding $1.4 billion and a history spanning over 100 years. The bank is an insured member of the FDIC
• Corporate Guarantee: Lease Guarantee from the banks publicly traded holding company the Citizens Holding Company (OTCQX: CIZN)
• Prime Location: Strategically located in Pascagoula's central business district along a key corridor, the branch benefits from steady traffic from major industrial anchors—Ingalls Shipbuilding (state's largest private employer), Chevron Pascagoula Refinery (largest in MS), and Port Pascagoula—while benefiting from regional population growth and explosive port/industrial expansion