Profitable Investment Opportunity in
For Sale
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36901 American Way, Avon, OH
Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.
Property SizeContact for details
Lot Size0.47 Acres
Days on Market383
Property Features for 36901 American Way
General Information
Standard status
Active
Lot size
0.47 Acres
Property subtype
RETAIL
Listing Agency:
Goodman Real Estate
(216) 342-9305
Listed By:
Kyle Hartung · License #SAL.2003016343
Source:
Moodyscre
Added: Aug 5, 2025
Changed: Jul 6
Last Checked: Aug 21 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate
Investment Insights
Based on property information with market context.
Two adjacent condos are available for sale, currently under long-term leases to Buckeye Community Bank headquarters and R.A.B. Financial. Situated in Avon, Ohio, the location benefits from its proximity to Interstate 90, attracting businesses aiming to serve a broad geographic area encompassing Lorain and Cuyahoga Counties. Buckeye Bank has over 8 years remaining on its base term, while R.A.B. Financial has 4 years. Both tenants have annual rental increases incorporated into their leases, with CPI and 3% respectively, providing a growing return on investment. The lease structure requires tenants to reimburse for common area maintenance, real estate taxes, and insurance, making it a hands-off investment. Tenants are also responsible for interior space and HVAC repairs and replacements. The complex, known as 'American Way,' is located one block east of Interstate 90 and houses various well-known tenants, including Buckeye Bank Headquarters, RAB Financial, Cleveland Eye Clinic, Cleveland Clinic Family Health Center, Weston Dental, and Lake Erie Crushers.
Key Highlights
- High 8.15% Cap Rate, increasing annually
- Long‑term leases in place with established tenants: Buckeye Community Bank (8+ years remaining) and R.A.B. Financial (4 years remaining)
- Annual rental increases built into both leases: CPI and 3%, respectively
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 19%
GetGo Gas Station
Shops & Services
28,680 visits/mo
0.4 miles
Circle K
Shops & Services
15,008 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
10,040 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Two adjacent condos leased to Buckeye Bank and R.A.B. Financial.
Where is this bank located?
The property is located at 36901 American Way Avon, OH.
What is the asking price?
The asking price for this property is $1,668,000.
What are key features of this property?
This property features: High 8.15% Cap Rate, increasing annually; Long‑term leases in place with established tenants: Buckeye Community Bank (8+ years remaining) and R.A.B. Financial (4 years remaining); Annual rental increases built into both leases: CPI and 3%, respectively
