680 Broadway Ave Bedford, OH 44146-3642

This exceptional investment opportunity presents a fee-simple ownership of a 6,825-square-foot U.S. Bank branch located at 680 Broadway Ave, Bedford, OH 44146. The property, situated on a 0.08-acre lot (APN 812-13-051), boasts a two-story building constructed in 1921 and renovated in 1972. Currently operating under a 100% occupancy Absolute NNN lease with U.S. Bank, the property offers a strong, stable income stream. The lease, expiring November 30, 2026, includes two five-year renewal options with a 2.0% annual rent increase. The annual base rent is $98,844. The building features 3,165 square feet of bank space on both the lower and first floors. An additional 2,673 square feet of unused office space on the second floor offers potential for subleasing or owner-user occupancy, accessible via a separate street entrance. This prime retail property offers a compelling 10.00% cap rate and a price per square foot of $144.76, making it an attractive addition to any portfolio. The property is conveniently located just 15 miles southeast of downtown Cleveland. This is a rare opportunity to acquire a national bank branch with a low price point of $988,000.