Key Bank NNN Beechmont

 

Address:
2202 Beechmont Avenue
City:
Cincinnati
State:
OH
Zip Code:
45255

Building Size:

5,055

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