Bainbridge Township, OH 44023

Citizens Bank

Property Address

8378 East Washington Street, Chagrin Falls, Bainbridge Township, OH, USA

Offering Summary

  • Price: $3,358,000
  • Lot Size: 1.38 Acres
  • Year Built: 2022
  • Building SF: 2,400
  • Status: Closed
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  • New 10-Year Absolute Triple-Net (NNN) Lease with Citizens Bank, N.A. (S&P A-)
  • New High-Quality 2022 Construction
  • Relocation Branch from Two Locations Being Closed with Combined Deposits of Over $150,000,000
  • 10 Percent Rental Increases Every Five Years
  • Affluent Trade Area - Average Household Income Exceeds $194,000 within One Mile
  • 35,709 Residents within a Five-Mile Radius - Cleveland MSA
  • 26,300+ Cars/Day at the Nearby Intersection of Washington Street and Chillicothe Road
  • Adjacent to Heinen’s Grocery Store and Surrounded by National Retailers - Ace Hardware, Dunkin’, CVS, Panera Bread, and More
  • Located within a 35-Minute Drive of Downtown Cleveland and Cleveland Hopkins International Airport

Broker Information