PNC Bank for Sale in Boardman, OH
Boardman, OH
Key Investment Metrics
Price
$1,663,000
Cap Rate
7.0%
Net Operating Income
$116,380
Building Size
3504 SF
Land Area
0.72 Acres
Remaining Term
5.3 years
Lease Expiration
10/31/2031
Lease Term
10 years
Lease Commencement
11/01/2021
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1969
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every Five (5) Years
Property overview
PNC Bank in Boardman
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,504 SF
- Land area
- 0.72 acres
- Year built
- 1969
- Lease type
- NN
- Lease expiration
- 10/31/2031
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.