Freestanding Bank With Double
For Sale
Contact for pricing
8715 Mentor Avenue, Mentor, OH 44060
Fee-simple freestanding Citizens Bank with a double drive-thru, leased since 2006 and recently extended seven years.
Property SizeContact for details
Days on Market122
Property Features for 8715 Mentor Avenue
General Information
Standard status
Active
Property subtype
Retail, Office
Additional Details
Cap Rate
6%
Listing Agency:
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed By:
Kyle Hartung · License #OH SAL.2003016343
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last 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
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
Demographics for 44060, OH
60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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)
