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Key Bank NNN Beechmont
Building Size: |
5,055 SF |
Asking Price: |
$ 924,114 |
CAP Rate: |
7 % |
Lease Type: |
NNN |
Space Description: |
Absolute net leased investment with Key Bank. Long term banking location with nearly 65 years of bank branch tenancy. |
Property Description: |
Absolutely NO Landlord responsibilities. Could be purchased with another Key Bank NNN investment. Both sites are located in the Cincinnati, Ohio MSA. Key Bank is the 17th largest U.S. bank by assets.S&P Rating BBB+, Moody’s Baa1. Headquartered in Cleveland, OH. |
Location Description: |
Located in the Eastern Cincinnati suburb of Mt. Washington. Signalized hard corner, high traffic corridor with over 25,000 cars daily. |
Property Highlights: |
NOI: $64,688 Cap Rate: 7.00% Absolute NNN Yearly CPI Increases Credit BBB+ 10 Yr Lease Exp. 10/27 |