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9240 Market Square Dr 4,090 SF Retail Building Streetsboro, OH 44241 $638,000 ($155.99/SF) 6% Cap Rate
Investment Highlights
- Investment-grade corporate guaranty from Huntington Bancshares (NASDAQ: HBAN), one of the nation's largest regional banking institutions with approxim
- Absolute NNN ground lease with zero landlord responsibilities, providing passive ownership and predictable cash flow.
- High-performing branch with approximately $238 million in deposits and Placer.ai foot traffic ranking in the top 7% of all Huntington Bank locations n
Executive Summary
- Investment-grade corporate guaranty from Huntington Bancshares (NASDAQ: HBAN), one of the nation's largest regional banking institutions with approximately $223 billion in assets and an A- (S&P) credit rating.
- High-performing branch with approximately $238 million in deposits and Placer.ai foot traffic ranking in the top 7% of all Huntington Bank locations nationwide, demonstrating the branch's strategic importance within the company's network.
- Absolute NNN ground lease with zero landlord responsibilities, providing passive ownership and predictable cash flow.
- Attractive $614,000 price point provides an accessible entry into an investment-grade net lease asset with low ground rent, well suited for private capital and 1031 exchange investors.
- Located within Streetsboro's dominant retail corridor along OH-14 (32,700+ VPD), surrounded by Target, Lowe's, Walmart, Aldi, Giant Eagle, Home Depot and numerous national retailers.
- Affluent and growing trade area featuring average household incomes exceeding $152,000 within five miles, while benefiting from its strategic location between Cleveland and Akron along the Ohio Turnpike (I-80).
- High-performing branch with approximately $238 million in deposits and Placer.ai foot traffic ranking in the top 7% of all Huntington Bank locations nationwide, demonstrating the branch's strategic importance within the company's network.
- Absolute NNN ground lease with zero landlord responsibilities, providing passive ownership and predictable cash flow.
- Attractive $614,000 price point provides an accessible entry into an investment-grade net lease asset with low ground rent, well suited for private capital and 1031 exchange investors.
- Located within Streetsboro's dominant retail corridor along OH-14 (32,700+ VPD), surrounded by Target, Lowe's, Walmart, Aldi, Giant Eagle, Home Depot and numerous national retailers.
- Affluent and growing trade area featuring average household incomes exceeding $152,000 within five miles, while benefiting from its strategic location between Cleveland and Akron along the Ohio Turnpike (I-80).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,090 SF
Building Class
B
Year Built
1995
Price
$638,000
Price Per SF
$155.99
Cap Rate
6%
NOI
$38,288
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.08 AC
Frontage
127’ on Market Square Dr
Amenities
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-045-00-00-007-009 | Improvements Assessment | $180,390 |
| Land Assessment | $82,390 | Total Assessment | $262,780 |
Property Taxes
Parcel Number
35-045-00-00-007-009
Land Assessment
$82,390
Improvements Assessment
$180,390
Total Assessment
$262,780
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Christopher Wiener -
Ben McCarter -
Levitt Mosley -
Mason McVicker -
Atlantic Capital Partners
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