Huntington National Bank | Fremont, MI
For Sale
Huntington National Bank | Fremont, MI
Asking Price: $1,620,000
| Cap Rate: 7.05%
- Net Operating Income: $114,277
- Weighted Avg. Lease Term (WALT): 9.7 Years
- Lease Type: Absolute Net
Property Highlights
- Leased to Huntington National Bank on a 10-year absolute triple-net lease with zero landlord responsibilities
- Early 10-year lease extension executed as of January 1, 2021 showing tenant's commitment to the site
- Corporate Guarantee; Huntington National Bank is the principal subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN)
- Located off of West Main Street, along with national tenants, like: McDonald's, Arby's, Tractor Supply, and Family Dollar
