US Bank - Brilliant, OH
901 3rd St Brilliant , OH 43913

US Bank - Brilliant, OH - retail for sale

Download offering memorandum:

Overview



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
General
Property type Retail
Tenure type Sale/Purchase
Property address 901 3rd St, Brilliant, OH 43913-1050
Land in acres 0.13
Building size 3,260  ft2
Year built 1972
Financial
Price $412,000
Cap rate 6.49%
Current NOI $26,744.00
Lease
Tenant's name US Bank National Association
Lease type NNN
Annual rent $26,744.00
Lease expiration date 05/31/2024
Remaining term 4.5Yrs

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