Single-Tenant Bank
For Sale
Contact for pricing
9240 Market Square Dr, Streetsboro, OH 44241
Absolute NNN ground lease with Huntington Bank occupancy and access to a major retail corridor.
Property Size4,090 SF
Price / SF$155.99
Days on Market60
Property Features for 9240 Market Square Dr
General Information
Standard status
Active
Size
4,090 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$38,288
Site & Location
Anchor Co-Tenants
Target, Lowe's, Walmart, Aldi, Giant Eagle
Traffic Count
32,700 vehicles/day
Additional Details
Asking Price
$614,000
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
Listed By:
David Hoppe · License #NC 288268
(704) 375-7771
Source:
Crexi
Added: Aug 18
Changed: Oct 2
Last Checked: Oct 14 at 9:27PM
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 Atlantic Capital Partners
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Investment Insights
Based on property information with market context.
This 4,090-square-foot bank property was built in 1995 and is occupied by Huntington Bank under an absolute NNN ground lease. The structure places landlord responsibilities with the tenant and includes a corporate guaranty from Huntington Bancshares Incorporated.
The property is located at 9240 Market Square Drive in Streetsboro, Ohio, within the area’s primary retail corridor. Access is supported by more than 32,700 vehicles per day, with surrounding co-tenancy that includes Target, Lowe’s, Walmart, Aldi, and Giant Eagle. The site serves communities positioned between Cleveland and Akron.
The property is located at 9240 Market Square Drive in Streetsboro, Ohio, within the area’s primary retail corridor. Access is supported by more than 32,700 vehicles per day, with surrounding co-tenancy that includes Target, Lowe’s, Walmart, Aldi, and Giant Eagle. The site serves communities positioned between Cleveland and Akron.
Key Highlights
- 4,090‑square‑foot bank property built in 1995
- Single‑tenant absolute NNN ground lease
- Occupied by Huntington Bank with a corporate guaranty from Huntington Bancshares Incorporated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,393
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,860
$1.1M
Cap Rate 7%
$762,757
$762.8K
Cap Rate 9%
$593,256
$593.3K
Market Conditions
NOI Build-Up for 4,090 SF
Gross rent
$73.6K $18.00/SF
− Vacancy
−$2.4K −$0.59/SF
EGI
$71.2K $17.41/SF
− OpEx
−$17.8K −$4.35/SF
NOI
$53.4K $13.05/SF
Area
Portage County, OH
Vacancy
3.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,860
Cap Rate 7%
$762,757
Cap Rate 9%
$593,256
Alternative Uses
Best Use
Specialty Retail
$762.8K
$667.4K – $889.9K
NOI $53,393 @ 7.0% cap · market cap 8.37%
Second Best
Retail
$230.4K
$201.6K – $268.8K
NOI $16,127 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$823.8K
$720.9K – $961.1K
NOI $57,668 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
32,700 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
401k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 22%
Superstores 13%
Groceries 10%
Target
Superstores
52,874 visits/mo
0.4 miles
Giant Eagle Supermarket
Groceries
41,845 visits/mo
0.4 miles
McDonald's
Dining
29,596 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
24,801 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
24,341 visits/mo
0.4 miles
Demographics for 44241, OH
17,659
Population
7,756
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
795
Density / Sq Mi
$81,392
Median Household Income
$48,141
Median Earnings
$1,372
Median Rent
$190,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN ground lease with Huntington Bank occupancy and access to a major retail corridor.
Where is this bank located?
The property is located at 9240 Market Square Dr Streetsboro, OH.
What is the asking price?
The asking price for this property is $638,000.
What are key features of this property?
This property features: 4,090‑square‑foot bank property built in 1995; Single‑tenant absolute NNN ground lease; Occupied by Huntington Bank with a corporate guaranty from Huntington Bancshares Incorporated
