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KeyBank with Recent Renewal 5900 St. Clair Avenue, Cleveland, OH 44103
  • SF: 5,554 sq. ft
  • acres 1.08
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  • Full Offering Memorandum
  • 5900 St. Clair Avenue

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      Agent(s): Kyle Hartung

    • Price $1,512,000
    • Cap Rate 7%
    • Status For Sale
    • Property Type Investment Sales

    About This Property

    For sale to qualified investors is the 100% fee-simple interest in a freestanding KeyBank in Cleveland, Ohio. KeyBank recently exercised their fourth renewal option in the location taking them through November of 2027 and showing their commitment to this branch. The lease is triple-net and requires KeyBank to pay for or reimburse all expenses related to the property including repairs and replacements. As this branch is situated between I-90, known as “The Shoreway,” and the newly-built “Opportunity Corridor,” it is able to serve a dense and diverse population and business base. The property is surrounded by both small, medium and large businesses, including the new corporate headquarters for Dealer Tire, and main campus hospitals for The Cleveland Clinic and University Hospitals. The passive nature of this lease combined with the business generators in the surrounding area make this an ideal 1031 replacement property or acquisition for an investor desiring a passive real estate investment.

    5900 St. Clair Avenue

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