115 Monroe St - Bank FOR SALE


Port Clinton, OH 43452
$695,000 USD
781-776-4003
115 Monroe St, Port Clinton, OH for Sale
$695,000 USD
Bank - FOR SALE
1/8
null | 6.36% Cap Rate

115 Monroe St
Port Clinton, OH 43452


HIGHLIGHTS

  • Long Term Tenant
  • Investment Grade Credit
  • Zero Management Responsibilities
  • Strong Real Estate Fundamentals
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant, net-leased Huntington Bank investment property located at 120 Madison Street and 115 & 123 Monroe Street in Port Clinton, OH 43452 (the “Property”). Huntington Bank has a long operating history at the Property and has been at this location since 1998 (26 years). The Absolute Triple-Net lease has 6 years remaining on the primary lease term with four (4), 5-year renewal options. The lease provides for 5% increases at the start of each renewal option. Huntington Bank is situated in the heart of downtown Port Clinton. Positioned along Madison Street, the Property benefits from excellent visibility and frontage and is seconds from OH Route 163, and is convenient to OH Route 53, the area’s primary commuter corridors. Downtown Port Clinton is home to an array of local retailers, restaurants, businesses, and amenities, as well as countless marinas and harbors along the Portage River’s inlet with Lake Erie. The surrounding area is home to densely populated neighborhoods, local schools and retailers and businesses driving traffic to the area. Port Clinton is positioned along the banks of Lake Erie in between Cleveland and Toledo, two of Ohio’s largest markets.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huntington Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.