Leased Bank Building with Absolute
680 BROADWAY AVE Bedford, OH
680 BROADWAY AVE, Bedford, OH, 00000
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For Sale
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Single-tenant U.S. Bank property with an extended 5-year lease on absolute NNN terms.
Property Size9,003 SF
Price / SF$89.41
Days on Market54
Property Features for 680 BROADWAY AVE
General Information
- Standard status
- Active
- Size
- 9,003 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1921
Listing agency
Marcus & Millichap - Palo Alto
Listed by
Steve Sauter · License #CA 01084092
Source
Crexi
Added: May 29 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 4:15AM
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 - Palo Alto
Investment Insights
Based on property information with market context.
This is a single-tenant bank building currently occupied by U.S. Bank, which has leased the entire property since November 2011, when it acquired Star Bank. Prior to Star Bank, the property was occupied by Cleveland Trust Bank. The current tenant has recently negotiated a 5-year lease extension, with rent structured on an absolute NNN basis.
The lease is described as absolute NNN, with the tenant responsible for all operating expenses. That structure shifts operating cost responsibility to the lessee under the existing lease terms, supporting a straightforward tenant-paid expense model.
For buyers seeking a stabilized, single-tenant net-leased asset, this offering centers on the credit-backed banking tenancy and the recently extended 5-year term. The property’s leasing setup provides a practical fit for investors and owner-operators who want to align their ownership objectives with an all-occupant operating expense obligation tied to the lease.
The lease is described as absolute NNN, with the tenant responsible for all operating expenses. That structure shifts operating cost responsibility to the lessee under the existing lease terms, supporting a straightforward tenant-paid expense model.
For buyers seeking a stabilized, single-tenant net-leased asset, this offering centers on the credit-backed banking tenancy and the recently extended 5-year term. The property’s leasing setup provides a practical fit for investors and owner-operators who want to align their ownership objectives with an all-occupant operating expense obligation tied to the lease.
Key Highlights
- Leased single‑tenant property occupied by U.S. Bank since Nov. 2011
- U.S. Bank leases the entire building
- Recently negotiated 5‑year lease extension
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
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FAQs
What type of property is this?
Bank - Single-tenant U.S. Bank property with an extended 5-year lease on absolute NNN terms.
Where is this bank located?
The property is located at 680 BROADWAY AVE Bedford, OH.
What is the asking price?
The asking price for this property is $805,000.
What are key features of this property?
This property features: Leased single‑tenant property occupied by U.S. Bank since Nov. 2011; U.S. Bank leases the entire building; Recently negotiated 5‑year lease extension
