Citibank
Baskersfield, CA

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Citicorp and Citi Holdings. The Citicorp segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. It also provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems.
In addition, this segment provides wholesale banking products and services, including fixed income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed income research, corporate lending, investment banking and advisory services, private banking, cash management, trade finance, and securities services to corporate, institutional, public sector, and high-net-worth clients. As of December 31, 2016, it operated 2,649 branches in 19 countries. The Citi Holdings segment provides consumer loans; and portfolio of securities, loans, and other assets. Citigroup Inc. was founded in 1812 and is based in New York, New York.
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S&P Outlook: Stable
Moody Outlook: Negative
Typical Lease Characteristics
Lease Term: 15 – 20 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate and Franchise
Positives:
- Public Company, Credit Rated
- Typically Long term leases with increases
Negatives:
- Long term effects and pressures of online banking remain to be seen
- Typically low cap rate
Market Snapshots:
On Market Ranges:
# of Properties in set: 2
Price: $1,960,560 - $2,520,720Average: $2,334,000
PPSF: $460 - $590Average: $512
Year Built: 1960 - 1971Average: 1965
CAP Rate Range: 4.20% - 5.81%Average: 5.00%
Size range: 2,416 sq ft - 7,856 sq ft Average: 5,136 sq ft
Last 12 Month Range:
# of Properties in set: 4
Price: $1,924,460 - $2,400,170Average: $2,162,314
PPSF: $542 - $685Average: $623
Year Built: 1953 - 1967Average: 1960
CAP Rate Range: 4.16% - 5.41%Average: 5.01%
Size range: 2,416 sq ft - 6,857 sq ft Average: 3,913 sq ft
Citibank Similar Tenants
Citibank Company Profile
Headquarters Information
New York, New York
Founded in 1812
Company type: Public
Stock Ticker: C
Sector: Financial
Industry: Money Center Banks
# of Employees: 213,000
Citibank Stock Keys
Title | 2017 | 2016 |
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