Bank
Huntington Bank
2989 White Bear Ave, Maplewood, MN 55109
Listing Price: $2,552,736
Cap Rate
6.25%
Tenant Name
Huntington Bank
Years Remaining On Lease
5.5
Gross SF
8,176
Guarantor
Corporate Guarantee
Rentable SF
8,176
Price/Gross SF
$312.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.51
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Huntington Bank in Maplewood, MN
Huntington Bank
Investment Highlights
- Huntington Bank has 5+ Years Remaining on Original 30-Year Triple-Net Lease in Maplewood, Minnesota (Suburban Twin-Cities) with Two, Five Year Options and 10 Percent Rent Increases in Each Option
- Tenant Recently Exercised 5 Year Lease Extension, Demonstrating Commitment to Location
- Corporate Guarantee from Publicly Traded Huntington National Bank (Nasdaq: HBAN); $14+ Billion Market Cap Bank Founded in 1866
- Huntington Bank's Revenue saw 21% Revenue Growth during FY 2022l Acquired TCF Bank for $7.2 billion in June 2021
Exclusively Listed By
Broker of Record
Listing Price: $2,552,736
Cap Rate
6.25%
Tenant Name
Huntington Bank
Years Remaining On Lease
5.5
Gross SF
8,176
Guarantor
Corporate Guarantee
Rentable SF
8,176
Price/Gross SF
$312.22
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.51
Investment Highlights
- Huntington Bank has 5+ Years Remaining on Original 30-Year Triple-Net Lease in Maplewood, Minnesota (Suburban Twin-Cities) with Two, Five Year Options and 10 Percent Rent Increases in Each Option
- Tenant Recently Exercised 5 Year Lease Extension, Demonstrating Commitment to Location
- Corporate Guarantee from Publicly Traded Huntington National Bank (Nasdaq: HBAN); $14+ Billion Market Cap Bank Founded in 1866
- Huntington Bank's Revenue saw 21% Revenue Growth during FY 2022l Acquired TCF Bank for $7.2 billion in June 2021
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Huntington Bank in Maplewood, MN
Exclusively Listed By
Broker of Record
