NNN-Leased Bank on Corner
For Sale
Contact for pricing
Pending
435 Broadway Ave, Bedford, OH 44146
Corporately guaranteed Citizens Financial Group NNN lease with long-term operation on a prominent corner site.
Property Size2,288 SF
Days on Market53
Property Features for 435 Broadway Ave
General Information
Standard status
Pending
Size
2,288 SF
Class
A
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$68,004
Site & Location
Traffic Count
165,042 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2006
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5314
Listed By:
Damien Yoder · License #IN RB14050667
Source:
Crexi
Added: Jun 30
Changed: Aug 15
Last Checked: Aug 20 at 10:15PM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
This property is a bank branch configured as a single-tenant, corporately guaranteed NNN lease. The lease has approximately six years remaining, and the obligation is guaranteed by Citizens Financial Group (NYSE: CFG), which is described as having an S&P rating of A- and 2025 revenue of $8.24B with $228B in assets. The branch has been operating at this location for more than 20 years. The data also states that Citizens has over $49 million in deposits.
The site occupies a prominent corner parcel with frontage on Broadway Ave (SR 14). The remarks indicate the property is about two miles from I-480, with traffic of approximately 165,042 VPD. It is positioned near Bedford’s Auto Mile, surrounded by automotive dealerships, and is in an area characterized by established, dense residential neighborhoods.
For buyers seeking a long-credit tenant structure, the key attribute here is the NNN lease backed by Citizens Financial Group and the stated length of time the branch has operated at the address. The lease is further supported by a recent early lease extension noted in the materials. Tenants and investors considering this asset should evaluate the long-term single-tenant profile, the corner visibility at SR 14 frontage, and the proximity to the I-480 corridor and nearby retail and automotive activity referenced in the offering.
The site occupies a prominent corner parcel with frontage on Broadway Ave (SR 14). The remarks indicate the property is about two miles from I-480, with traffic of approximately 165,042 VPD. It is positioned near Bedford’s Auto Mile, surrounded by automotive dealerships, and is in an area characterized by established, dense residential neighborhoods.
For buyers seeking a long-credit tenant structure, the key attribute here is the NNN lease backed by Citizens Financial Group and the stated length of time the branch has operated at the address. The lease is further supported by a recent early lease extension noted in the materials. Tenants and investors considering this asset should evaluate the long-term single-tenant profile, the corner visibility at SR 14 frontage, and the proximity to the I-480 corridor and nearby retail and automotive activity referenced in the offering.
Key Highlights
- 2006‑built property with a corporately guaranteed NNN lease to Citizens Financial Group (NYSE: CFG).
- Lease has 6 years remaining and is guaranteed by Citizens Financial Group.
- Prominent corner parcel with frontage on Broadway Ave (SR 14).
Property Analytics
Property Profile
Current Use
Lease Details
165,042 VPD
Traffic count
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 44146, OH
29,778
Population
15,270
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,489
Density / Sq Mi
$53,049
Median Household Income
$40,808
Median Earnings
$1,000
Median Rent
$141,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporately guaranteed Citizens Financial Group NNN lease with long-term operation on a prominent corner site.
Where is this nnn property located?
The property is located at 435 Broadway Ave Bedford, OH.
What is the asking price?
The asking price for this property is $1,046,215.
What are key features of this property?
This property features: 2006‑built property with a corporately guaranteed NNN lease to Citizens Financial Group (NYSE: CFG).; Lease has 6 years remaining and is guaranteed by Citizens Financial Group.; Prominent corner parcel with frontage on Broadway Ave (SR 14).
