Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate

Documents

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Attributes

Year Built 1972
Lease Type NNN
Current / Passing Rent
Lease Expiration 2024-05-31
Remaining Term 4 years, 3 months
Tenant US Bank National Association
Lot Size acres

Property Description

JLL is pleased to offer for sale the fee-simple interest in a single-tenant retail bank branch (the “Property” or “Asset”) leased on an absolute net basis to U.S. Bank National Association (the “Tenant”) d/b/a U.S. Bank. The Asset serves a highly dependent consumer base located along the Ohio River, with the Asset serving 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

  • Accessible price point for investment-grade credit rental income
  • Longstanding US Bank location and only retail bank within a 7-mile radius
  • Located along the Ohio River directly benefiting from $131M bridge project underway
  • Positioned within a high-growth & energy-oriented economic region
  • Rare five percent annual escalations within an absolute NNN lease
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Bill Poffenberger
Bill Poffenberger
Managing Director, Brokerage
Licensed in
OH - 352247

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