US Bank for Sale in Bedford, OH
Bedford, OH
Key Investment Metrics
Price
$805,000
Cap Rate
7.5%
Net Operating Income
$60,000
Building Size
9003 SF
Remaining Term
5.4 years
Lease Expiration
11/29/2031
Lease Term
9.9 years
Lease Commencement
12/30/2021
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1921
Occupancy
100%
Tenancy
Single
Rent Increases
2.0% annual during the option period
Property overview
US Bank in Bedford
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 9,003 SF
- Year built
- 1921
- Lease type
- Absolute NNN
- Lease expiration
- 11/29/2031
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.