The subject property is the ownership of the land under a freestanding Home Savings Bank retail branch located in Chardon, Ohio. The site is an out-parcel to the recently opened Meadowland’s Town Center, anchored by the only Walmart Supercenter in Chardon, Home Depot & Staples, with easy access from Meadowlands Dr. and 5th Ave. Average HH Incomes within a mile exceed $130,000. Chardon is located 12 miles from Mentor, OH and 33 miles southwest of Cleveland. At the end of the lease, all improvements will revert to the landowner, at no additional cost.

Tenant: United Community Financial Corp.
United Community Financial Corp. (NASDAQ: UCFC) was created on June 19, 1998 and is the holding company for The Home Savings and Loan Company and Butler Wick Corp. Home Savings is a community-oriented financial institution that has been serving its customers since 1889. The formation of the holding company, along with the conversion from a mutual savings and loan association to a state-chartered stock savings bank, has enhanced Home Savings’ abilities to pursue acquisitions of other financial institutions or related businesses. The additional flexibility provided by the conversion also allows Home Savings to expand the range of products and services offered to customers. With assets of $2.7 billion, Home Savings operates 39 banking offices and six loan production offices throughout Ohio and western Pennsylvania, employing nearly 700 people. Butler Wick is the parent company for two wholly-owned subsidiaries: Butler Wick & Co., Inc. and Butler Wick Trust Company. Butler Wick, through its subsidiaries, has served northeastern Ohio and western Pennsylvania since 1926, providing securities brokerage, asset management, trust services, insurance products, public finance and other underwriting services. Butler Wick has grown, opening new offices and introducing new products and services that have generated profitable growth.