April 10, 2025 – Bob Horvath, Todd Tremblay, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of a Huntington Bank in Port Clinton, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $550,020.
Huntington Bank is located at 120 Madison Street and 115 & 123 Monroe Street in Port Clinton, Ohio. The Huntington Bank Property consists of three parcels of land and is improved by two buildings and a surface parking lot. 120 Madison Street is a 6,800 square foot building with two floors. The first floor houses the main bank area, customer service area, vault, and restrooms. The second-floor houses employee offices, a lunchroom, restrooms, and storage. The primary bank branch was constructed in 1967 and sits on 10,000 square feet of land (0.23-acres). 123 Monroe Street is a 450 square foot building featuring an office and five (5) drive through lanes. The drive through building was constructed in 1974 and sits on 12,500 square feet of land (0.29-acres). 115 Monroe Street is a 3,000 square foot parking lot with nine (9) additional parking spaces for the bank. Huntington Bank has a long operating history at the Property and has been at this location since 1998 (26 years). The Absolute Triple-Net lease has 6 years remaining on the primary lease term with four (4), 5-year renewal options. The lease provides for 5% increases at the start of each renewal option. Huntington Bank is situated in the heart of downtown Port Clinton. Positioned along Madison Street, the Property benefits from excellent visibility and frontage and is seconds from OH Route 163, and is convenient to OH Route 53, the area’s primary commuter corridors. Downtown Port Clinton is home to an array of local retailers, restaurants, businesses, and amenities, as well as countless marinas and harbors along the Portage River’s inlet with Lake Erie. The surrounding area is home to densely populated neighborhoods, local schools and retailers and businesses driving traffic to the area. Port Clinton is positioned along the banks of Lake Erie in between Cleveland and Toledo, two of Ohio’s largest markets.
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.