U.S. Bank Branch 680 Broadway Ave 6,825 SF Retail Building Bedford, OH 44146 $805,000 ($117.95/SF) 7.45% Cap Rate

This is a U.S. Bank branch located in downtown Bedford, Ohio—a core retail corridor just 28 miles southeast of Cleveland. The property spans 6,825 SF and includes valuable basement space used by U.S. Bank for storage and an employee break room. Situated within a high-visibility district, this asset benefits from its established location within Cuyahoga County and proximity to major highways including I-480 and I-271.
U.S. Bank, which operates over 2,000 branches and holds an S&P AA- investment-grade rating, has shown a strong commitment to this location with an early 5 year extension of an absolute NNN lease through November 2031, that calls for 2.0% annual rent escalations during renewal options. The structure of this absolute NNN lease transfers all operating responsibility to the tenant, providing investors with predictable cash flow and no management obligations. Tenant is paying below market rent of just $.73/sq. ft. NNN
The property sits in a dense trade area with over 59,000 residents within a 3-mile radius and is adjacent to essential retailers, local services, and community amenities. Its downtown positioning and enduring tenancy make this an attractive long-term investment opportunity anchored by a creditworthy tenant.