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- LoopNet Team
5030 Back Square Dr
Owensboro, KY 42301
Office Property For Sale
PROPERTY FACTS
AMENITIES
- Air Conditioning
ABOUT 5030 BACK SQUARE DR , OWENSBORO, KY 42301
The subject property is a freestanding, net leased U.S. Bank which was built in 1992 and serves as the tenant’s mortgage processing branch and administrative office for the region. U.S. Bank sits on a large 1.29 acre parcel, and is comprised of 11,822 square feet. U.S. Bank signed a new five year lease on January 1st, 2017, modifying the former annual written renewal lease structure, showing great commitment to this site. The lease is corporately guaranteed with two, five-year options with rental escalations. The landlord is solely responsible for the roof, structure and taxes while the tenant takes care of the interior, snow removal and landscaping, insurance and utilities. U.S. Bank is strategically located across from Town Square Mall, a regional mall for the Tri-State area, in the main retail corridor of Owensboro. Nearby national retailers include Home Depot, Hobby Lobby, Sears, Target, Walmart, Macy’s, JCPenney, Sam’s Club, Lowe’s and more – please see aerial. U.S. Bancorp (NYSE:USB) is headquartered in Minneapolis, MN. It is currently the 5th largest commercial bank in the United States with an estimated $445 Billion in assets. The lease is corporately guaranteed with both S&P A+ and Moody’s A1.
PROPERTY TAXES
| Parcel Number | 004-30-01-004-A0-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,275,000 |
PROPERTY TAXES
