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435 Broadway Ave
Bedford, OH 44146
Citizens Bank · Retail Property For Sale


Investment Highlights
- 6 Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue
- Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
- This Branch Has Been Operating at This Location for Over 20 Years | Investment-Grade Tenant | Citizens Bank Has Over $49 Million in Deposits
Executive Summary
6 Years Remaining on Corporately Guaranteed NNN Lease | Guaranteed by Citizens Financial Group (NYSE: CFG) with $8.24B in 2025 Revenue and $228B in Assets | S&P Rating is A-
This Branch Has Been Operating at This Location for Over 20 Years | Investment-Grade Tenant | Citizens Bank Has Over $49 Million in Deposits
Property Occupies a Prominent Corner Parcel with Frontage on Broadway Ave (SR 14) | ~Two Miles from I-480 with 165,042 VPD
Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
Near National Retailers Such as Walgreens, AutoZone, Dollar General, Burger King and More | Adjacent to Bedford’s Auto Mile with Dealerships for Mitsubishi, Acura, Mercedez-Benz, Subaru, Toyota, Kia, Nissan, Honda, Volkswagen, and Chrysler/Dodge/Jeep.
Located in Bedford, a Bedroom Community for the Cleveland, OH Metro | Surrounded by Established, Dense Residential Neighborhoods | Excellent Demographics: Five-Mile Population is 164,362 and Five-Mile Daytime Population is 209,440
The Cleveland, OH MSA is Home to ~2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Broader Greater Cleveland Region Has a Trade Area of 3.7 Million Residents and a $266 Billion Economy, Ranking as the 3rd-Largest Economic Region in the Midwest
This Branch Has Been Operating at This Location for Over 20 Years | Investment-Grade Tenant | Citizens Bank Has Over $49 Million in Deposits
Property Occupies a Prominent Corner Parcel with Frontage on Broadway Ave (SR 14) | ~Two Miles from I-480 with 165,042 VPD
Tenant Pays Well Below Market Bank Rent ($29.72 per Square Foot) | Recent Early Lease Extension by Tenant
Near National Retailers Such as Walgreens, AutoZone, Dollar General, Burger King and More | Adjacent to Bedford’s Auto Mile with Dealerships for Mitsubishi, Acura, Mercedez-Benz, Subaru, Toyota, Kia, Nissan, Honda, Volkswagen, and Chrysler/Dodge/Jeep.
Located in Bedford, a Bedroom Community for the Cleveland, OH Metro | Surrounded by Established, Dense Residential Neighborhoods | Excellent Demographics: Five-Mile Population is 164,362 and Five-Mile Daytime Population is 209,440
The Cleveland, OH MSA is Home to ~2.1 Million Residents, Making it the Largest Metro in Ohio and One of the Largest 35 MSAs in the US | The Broader Greater Cleveland Region Has a Trade Area of 3.7 Million Residents and a $266 Billion Economy, Ranking as the 3rd-Largest Economic Region in the Midwest
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,288 SF
Building Class
C
Year Built
2008
Price
$1,472,024 CAD
Price Per SF
$643.37 CAD
Cap Rate
6.50%
NOI
$95,682 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.09
Lot Size
0.59 AC
Zoning
B-2A
Frontage
Amenities
- Property Manager on Site
Property Taxes
| Parcel Number | 812-09-008 | Improvements Assessment | $304,427 CAD |
| Land Assessment | $153,381 CAD | Total Assessment | $457,808 CAD |
Property Taxes
Parcel Number
812-09-008
Land Assessment
$153,381 CAD
Improvements Assessment
$304,427 CAD
Total Assessment
$457,808 CAD
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