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