Offering Memorandum
Highlights
- Huntington Bank has 5+ Years Remaining on Original 30-Year Triple-Net Lease in Maplewood, Minnesota (Suburban Twin-Cities) with Two, Five Year Options and 10 Percent Rent Increases in Each Option
- Tenant Recently Exercised 5 Year Lease Extension, Demonstrating Commitment to Location
- Corporate Guarantee from Publicly Traded Huntington National Bank (Nasdaq: HBAN); $14+ Billion Market Cap Bank Founded in 1866
- Huntington Bank's Revenue saw 21% Revenue Growth during FY 2022l Acquired TCF Bank for $7.2 billion in June 2021
- Price: $2,552,736
- Lot Size: 1.23 AC
- Cap Rate: 6.25%
- Lease Type: Fee Simple Triple Net
- Year Built: 1974
- Building SF: 8,176
- Status: Active
- Guarantor: Corporate Guarantee - Huntington National Bank