U.S. Bank
Retail | 5.50% CAP | 6,982 SqFt
Investment highlights
Corporate Guaranteed Lease: Backed by U.S. Bank, providing long-term security and credit-rated income.
Absolute Net Structure: Tenant responsible for all expenses; true passive, zero-landlord-responsibility investment.
Long-Term Stability: Tenant recently executed a 10 year extension of the lease with 10% rent increases every five years and market rent at options.
Attractive Income Stream: $99,625 annual NOI with predictable escalation and no near-term rollover risk.
Prime Retail Corridor Location: Positioned along Pearl Road (State Route 42), Strongsville’s dominant retail artery.
Surrounded by Major National Retailers: Near Costco, Target, Home Depot, T.J. Maxx, Heinen’s, Best Buy, Petco, and SouthPark Mall, driving strong consumer traffic.
Strong Demographics: $113,673 average household income within 1 mile and daytime population of 44,785 within 3 miles.
Well-Maintained Asset: 6,982 SF building on 0.65 acres, originally built 1965 and renovated in 2013 & 2025, minimizing capital needs.
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