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Old National Bank 401 Washington St 6,364 SF Retail Building Covington, IN 47932 $2,380,300 ($374.03/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Annual Rental Increases of 1.5%
- Corporate Guarantee by Old National Bancorp
EXECUTIVE SUMMARY
Absolute NNN Lease- No Landlord Responsibilities Whatsoever
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
6,364 SF
Building Class
B
Year Built
1978
Price
$2,380,300
Price Per SF
$374.03
Cap Rate
6%
NOI
$142,818
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.17 AC
Zoning
COVIN - Commercial
Parking
26 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 23-06-35-225-037.000-016 | Improvements Assessment | $89,500 |
| Land Assessment | $75,400 | Total Assessment | $164,900 |
PROPERTY TAXES
Parcel Number
23-06-35-225-037.000-016
Land Assessment
$75,400
Improvements Assessment
$89,500
Total Assessment
$164,900
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Old National Bank | 401 Washington St
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