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

Documents

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Key Facts

Year Built 1972
Lease Type NNN
Current / Passing Rent
Lease Expiration 2024-05-31
Remaining Term 3 years, 8 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: 22 Jul 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: 22 Jul 2020

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