October 1, 2021 – Kyle Danielson, Luke Thomson and Joe Pellecchia of Horvath & Tremblay have successfully completed the sale of Citizens Bank in Wheelersburg, Ohio. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $727,000.
Citizens Bank is located at 8806 Ohio River Road in Wheelersburg, Ohio. Citizens Bank recently exercised a five-year renewal option early demonstrating their commitment to the site and the market. Citizens Bank has 5+ years remaining on a triple-net lease with 2% annual increases and three (3), five-year renewal option remaining. Citizens Bank is strategically located in a single tenant building consisting of 2,452 square feet on Ohio River Road, the primary commercial corridor in the area. The property benefits from a 0.92-acre corner lot that features excellent frontage, visibility and access along Ohio River Road and Bulwer Street. Citizens Bank has occupied this location since 2006. The property is well positioned in the center of town and is surrounded by national retailers and the area’s primary grocery store and pharmacy.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.