Buckeye Bank Headquarters & R.A.B. Financial

Tenants Pay Annual Increases of CPI and 3%Blended Lease Term Remaining is Approximately 6 YearsAmerican Way is the Main Office Location for Both TenantsNNN Lease Allows Owner to Collect Passive IncomeAbove Market Return - Cap Rate Proves Exceptional Cash or Levered ReturnBuilding Lease Allows for Annual Depreciation

For sale are two adjacent condos on long-term leases to the headquarters of Buckeye Community Bank and R.A.B. Financial. Located in the affluent community of Avon, Ohio, with close access to Interstate 90, the location caters to businesses desiring to capture a wide geographic area including Lorain County and Cuyahoga County. Buckeye Bank features 8+ years of remaining base term, and R.A.B. Financial features 4 years, and BOTH tenants have annual rental increases of CPI and 3%, respectively, built into their leases, for a constantly growing return on investment. Because the developer of the project maintains common areas and the lease requires the tenant to reimburse for common area maintenance, real estate taxes, and insurance, this lease is hands off to the investor. The tenants are also responsible for the interior of their space and HVAC repairs and replacements. Offered at an 8.75% cap rate, increasing annually, this offering provides a higher rate of return than most competitive commercial investments. Known as “American Way,” the complex has close access to Interstate 90 just one block east and is home to numerous well-known tenants that draw clientele regionally, including the Buckeye Bank Headquarters, RAB Financial, Cleveland Eye Clinic, Cleveland Clinic Family Health Center, Weston Dental, Lake Erie Crushers, and more.