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|Current / Passing Rent||
|Remaining Term||3 years, 10 months|
|Tenant||US Bank National Association|
|Last Updated Date||01 Jul 2020|
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.
- 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