Bank
Citizens Bank
435 Broadway Ave, Bed, Bedford, OH 44146
Listing Price: $1,046,215
Investment Overview
Six Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue and $228B in Assets | S&P Rating is A Plus
This Branch Has Been Operating at This Location for Over 20 Years | Investment-Grade Tenant | Citizens Bank Has Over $49 Million in Deposits
Property Occupies a Prominent Corner Parcel with Frontage on Broadway Ave (SR 14) | Two Miles from Interstate 480 with 165,042 Vehicles per Day
Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
Near National Retailers Such as Walgreens, AutoZone, Dollar General, Burger King and More | Adjacent to Bedford’s Auto Mile with Dealerships for Mitsubishi, Acura, Mercedez-Benz, Subaru, Toyota, Kia, Nissan, Honda, Volkswagen, and Chrysler/Dodge/Jeep.
Located in Bedford, a Bedroom Community for the Cleveland, OH Metro | Surrounded by Established, Dense Residential Neighborhoods | Excellent Demographics: Five-Mile Population is 164,362 and Five-Mile Daytime Population is 209,440
The Cleveland, OH MSA is Home to 2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Broader Greater Cleveland Region Has a Trade Area of 3.7 Million Residents and a $266 Billion Economy, Ranking as the Third-Largest Economic Region in the Midwest
Citizens Bank
Investment Highlights
- Six Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue and $228B in Assets | S&P Rating is A Plus
- Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
- The Cleveland, OH MSA is Home to 2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Greater Cleveland Region Has a Trade Area of 3.7 M Residents
Exclusively Listed By
Broker of Record
-
Michael L Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
Listing Price: $1,046,215
Investment Highlights
- Six Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue and $228B in Assets | S&P Rating is A Plus
- Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
- The Cleveland, OH MSA is Home to 2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Greater Cleveland Region Has a Trade Area of 3.7 M Residents
Investment Overview
Six Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue and $228B in Assets | S&P Rating is A Plus This Branch Has Been Operating at This Location for Over 20 Years | Investment-Grade Tenant | Citizens Bank Has Over $49 Million in Deposits Property Occupies a Prominent Corner Parcel with Frontage on Broadway Ave (SR 14) | Two Miles from Interstate 480 with 165,042 Vehicles per Day Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant Near National Retailers Such as Walgreens, AutoZone, Dollar General, Burger King and More | Adjacent to Bedford’s Auto Mile with Dealerships for Mitsubishi, Acura, Mercedez-Benz, Subaru, Toyota, Kia, Nissan, Honda, Volkswagen, and Chrysler/Dodge/Jeep. Located in Bedford, a Bedroom Community for the Cleveland, OH Metro | Surrounded by Established, Dense Residential Neighborhoods | Excellent Demographics: Five-Mile Population is 164,362 and Five-Mile Daytime Population is 209,440 The Cleveland, OH MSA is Home to 2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Broader Greater Cleveland Region Has a Trade Area of 3.7 Million Residents and a $266 Billion Economy, Ranking as the Third-Largest Economic Region in the Midwest
Exclusively Listed By
Broker of Record
-
Michael L Glass
Executive Managing Director, Chief Revenue Officer- Mid-West Division
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