[DARK] Citizens Bank Location + Drive-thru | Adjacent from $260M Belle Oaks Marketplace Development
690 Richmond Road
Richmond Heights, OH 44143
FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Amount:Please Call Broker for Price
Last Verified:Aug 03, 2022
DescriptionSubject offering a now-dark former Citizens Bank, which has been occupied by Tenant since 2006 with a lease expiration date of 07/2023. The free-standing, well-maintained, 3,775± square foot building boasts direct frontage to SR 175. Constructed in 2001, the building features a brick exterior, with wood/timber framing and sits on a 1.99±AC lot. The site benefits from a dedicated turning-lane and exposure to a combined 25,748± vehicles-per-day (2020). The Subject is also located directly across the street from the highly anticipated, recently approved, Belle Oaks Marketplace. When complete, the 69.2±AC / 1,617,800±SF development of regional economic impact aims to be the preeminent, Class-A multi-family and mixed-use community in the region offering a walkable, live-work-play environment that is supported by best-in-class local retailers, restaurants and daily-needs services. Once fully envisioned, the project will consist of 791 apartment units with approximately 315,000±SF of retail, including a completely renovated Regal’s 20-screen theater complex. With its 1st Phase construction commencing in 2021 and Leasing Center scheduled to open in December 2022, the 760,110±SF Phase I, will be a mixed-use neighborhood comprised of 8 new buildings located on 25.5±AC of the existing Sears Dept. Store site at Richmond Town Square.