Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1972
Lease Type NNN
Current / Passing Rent
Lease Expiration 2024-05-31
Remaining Term 3 years, 6 months
Tenant US Bank National Association
Building Area
Land Area ()

Property Description

JLL is pleased to offer for sale a single-tenant retail bank branch leased on an absolute net basis to U.S. Bank National Association dba U.S. Bank. The asset serves a highly dependent consumer base located along the Ohio River, having served the regional community for nearly 50 years.

The investment presents an opportunity to acquire an investment-grade credit rental stream at a very appealing nominal price, located within a marketplace significantly relying on the tenant’s services.

Investment Highlights

  • Fee simple interest
  • Absolute NNN lease
  • Rare 5% annual escalations
  • Longstanding location and only retail bank within a 7-mile radius
  • Located along the Ohio River directly benefiting from $131 million bridge project underway
  • Positioned within a high-growth & energy-oriented economic region
Last Updated Date: 02 Nov 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 02 Nov 2020

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