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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

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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