May 30, 2024 – Bob Horvath, Todd Tremblay, Patrick Gray and Steven Schiavello of Horvath & Tremblay have successfully completed the sale of a dark Huntington Bank in Kent, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $510,000.
The dark Huntington Bank is located at 101-117 East Main Street in Kent, Ohio. Huntington Bank has a long operating history at the Property and has been at this location since 2001 (23+ years). The Absolute Triple-Net lease has 6+ years remaining on the primary lease term. This location is dark, Huntington Bank will continue to pay rent throughout the remainder of their base term. Huntington Bank is situated in an excellent downtown location in Kent, at the signalized intersection of Water Street and East Main Street, the area’s primary commercial corridor. The Property benefits from excellent visibility and frontage and is seconds from OH Routes 43 and 59. Downtown Kent is home to Kent State University (0.75-miles away) and offers an array of local businesses and amenities. The surrounding area is home to local schools and national retailers driving traffic to the area. The location is just north of Interstate 76, which offers access to Akron (9.5-miles southwest), Cleveland (32-miles northwest), and Youngstown (40-miles east).
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.