20 Tuttle Rd - Bank FOR SALE


Springfield, OH 45505
$1,164,633 USD
216-292-7006
20 Tuttle Rd, Springfield, OH for Sale
$1,164,633 USD
Bank - FOR SALE
1/6
null | 6% Cap Rate

20 Tuttle Rd
Springfield, OH 45505


HIGHLIGHTS

  • Absolute NNN Ground Lease - New 5 Year Extension, Showing Commitment to the Site
  • 5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Outparcel to Walmart Supercenter
  • Adjacent to ±1,500 New Single-Family and Multi-Family Homes in Development
  • Easily Accessible Location 3 Miles Off Interstate 70 and Along East National Road, Providing Direct Access into Downtown Springfield
  • 73,195 Residents within a 5-Mile Radius

OVERVIEW

Fifth Third Bancorp is a bank holding company headquartered in Cincinnati, Ohio. It is the parent company of Fifth Third Bank, which operates over 1,000 branches and 2,400 automated teller machines across 12 states. Springfield is a city in, and the county seat of, Clark County, Ohio. The city lies in southwestern Ohio, roughly 45 miles west of Columbus and 25 miles northeast of Dayton. The city is home to over 58,600 residents. The surrounding Clark County area is home to over 136,000 residents.

FOR SALE DETAILS

PRICE

$1,164,633 USD

PRICE/SF

$190 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

CROSS STREETS

National Road

LAND ACRES

1.15 AC

LAND SF

50,225 SF

ZONING

-

APN/PARCEL ID

30-50700-01741-1001

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alex FrankelMarcus & MillichapMore Info
216-292-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.