Willoughby (Cleveland MSA), OH 44094

Citizens Bank

Property Address

4015 Erie Street, Willoughby, OH, USA

Offering Summary

  • Price: $4,306,016
  • Lot Size: .678 Acres
  • Year Built: 2020
  • Building SF: 3,500
  • Status: CLOSED
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  • 15 Year Absolute Triple-Net (NNN) Lease with Citizens Bank, N.A., a Subsidiary of Citizens Financial Group, Inc. (NYSE: CFG; S&P A Credit Rating)
  • 8% Rental Increases Every 5 Years
  • 112,000 Residents within a 5-Mile Radius - Cleveland MSA
  • Subject Property is Relocation of an Established Nearby Branch
  • Extremely Strong Deposits of $131,790,000 - 11.5% Year Over Year Growth
  • Prime Location in the Heart of Downtown Willoughby
  • Signalized Hard Corner, Visible to Nearly 25,000 Cars/ Day at Intersection
  • Average Household Income Exceeds $76,000 within 5 Miles of Subject Property

Broker Information