Retail

US Bank - Brilliant, OH

901 3rd St Brilliant, Ohio United States 43913-1050

Asking Price

NOI Net Operating Income

Cap Rate

Asking Price

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	3 years, 8 months
Tenant	US Bank National Association
Building Area
Land Area

Property Description

JLL is pleased to offer for sale a single-tenant retail bank branch leased on an absolute net basis to U.S. Bank National Association dba U.S. Bank. The asset serves a highly dependent consumer base located along the Ohio River, having served 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

Fee simple interest
Absolute NNN lease
Rare 5% annual escalations
Longstanding location and only retail bank within a 7-mile radius
Located along the Ohio River directly benefiting from $131 million bridge project underway
Positioned within a high-growth & energy-oriented economic region

Last Updated Date: 22 Jul 2020

Alex Sharrin

Managing Director, Capital Markets

License details

IL - 475.170243

+61283171118

Alex Geanakos

Director, Capital Markets

License details

475.189621

+61283171118

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Last Updated Date: 22 Jul 2020