Freestanding Bank With Double
8715 Mentor Avenue Mentor, OH 44060
8715 Mentor Avenue, Mentor, OH, 44060
Contact for pricing
For Sale
Contact for pricing
Fee-simple freestanding Citizens Bank with a double drive-thru, leased since 2006 and recently extended seven years.
Days on Market103
Property Features for 8715 Mentor Avenue
General Information
- Standard status
- Active
- Property subtype
- Retail, Office
Listing agency
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed by
Kyle Hartung · License #OH SAL.2003016343
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 Services Group LLC
Investment Insights
Based on property information with market context.
Offered for sale is the fee-simple interest in a freestanding Citizens Bank with double drive-thru service. The property is leased to Citizens Bank, which has been at the location since 2006 and recently extended its lease for an additional seven years.
According to the FDIC, this branch reports annual deposits over $405 million. The tenant’s financial profile contributes to this being the largest branch office in Mentor and Lake County by a wide margin, and the lease structure includes a corporate guaranty.
For planning purposes, the offering describes the investment as a passive real estate option and includes relevant local demographics and area retail context, including major nearby retailers such as Walmart, Target, CVS, Walgreens, and several national restaurant concepts.
According to the FDIC, this branch reports annual deposits over $405 million. The tenant’s financial profile contributes to this being the largest branch office in Mentor and Lake County by a wide margin, and the lease structure includes a corporate guaranty.
For planning purposes, the offering describes the investment as a passive real estate option and includes relevant local demographics and area retail context, including major nearby retailers such as Walmart, Target, CVS, Walgreens, and several national restaurant concepts.
Key Highlights
- Fee‑simple interest in a freestanding Citizens Bank in Mentor, OH, with double drive‑thru
- Tenant since 2006; lease recently extended for an additional 7 years
- Passive structure with corporate guaranty (tenant investment secured by corporate support)
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Fee-simple freestanding Citizens Bank with a double drive-thru, leased since 2006 and recently extended seven years.
Where is this bank located?
The property is located at 8715 Mentor Avenue Mentor, OH.
What are key features of this property?
This property features: Fee‑simple interest in a freestanding Citizens Bank in Mentor, OH, with double drive‑thru; Tenant since 2006; lease recently extended for an additional 7 years; Passive structure with corporate guaranty (tenant investment secured by corporate support)
