September 10, 2022 – Bob Horvath, Todd Tremblay, Patrick Gray and Steven Schiavello of Horvath & Tremblay have successfully completed the sale of a Huntington Bank in Dover, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $675,000.
Huntington Bank is located at 232 W Third Street in Dover, Ohio. Huntington Bank has a long operating history at the Property and has been at this location since 1999 (22+ years). The Absolute Triple-Net lease has over 8+ years remaining followed by one (1), 10-year renewal option and four (4), 5-year renewal options. The lease features scheduled increases at the beginning of each option period. Huntington Bank is situated in an excellent downtown location in Dover, at the signalized intersection of West Third Street and North Tuscarawas Avenue. The Property benefits from excellent visibility and signage, with frontage on West Third Street, North Tuscarawas Avenue and Cherry Street. Downtown Dover offers an array of local businesses and amenities, and the surrounding area has number of national retailers driving traffic to the area. The location is just off of Interstate 77, which offers access to Akron and Cleveland to the north and connects with numerous Interstates and other highways in Ohio.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.