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- LoopNet Team
3100 N Morrison
Muncie, IN 47304
Old Nat'l Bank | 1.5% Ann Inc | 5 Yrs Abs NNN · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Banking
- Security System
- Signage
- Air Conditioning
ABOUT 3100 N MORRISON , MUNCIE, IN 47304
SRS National Net Lease Group is pleased to present the rare opportunity to acquire Old National Bank, an absolute NNN leased, investment property located in Muncie, Indiana. The tenant, Old National Bank, has approximately 5 years remaining on the initial term followed by 4 (5-year) option periods. The lease features annual 1.5% rental increases throughout the initial term and option periods. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities. As of June 30th, 2017 branch deposits were $44,353,000, which is over $10 million higher than the previous year’s branch deposits.
PROPERTY TAXES
| Parcel Number | 18-11-06-100-018.000-003 | Improvements Assessment | $410,900 |
| Land Assessment | $730,500 | Total Assessment | $1,141,400 |
PROPERTY TAXES
