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Old National Bank 602 W Broadway
1,452 SF Retail Building Loogootee, IN 47553 $926,500 ($638/SF) 8.31% Cap Rate
Investment Highlights
- Old National Bank Absolute NNN Lease | Strong Deposits Exceeding $77 Million
- Old National Bank located at 602 W. Broadway in Loogootee, Indiana with traffic counts exceeding 12,599 Vehicles Per Day
- Fee Simple Lease Structure | Annual Rent Increases
- Located nearby this property is Loogootee Elementary School with 291 enrolled students and also Martin Community Learning Center
Executive Summary
Numerous apartment complexes surround this Old National Bank including Southwind Manor Apartments, County Place Apartments, Larkin Apartments, Jules Cave Apartments, Burch Estates, and Olive Lane Apartments.
Also nearby is Loogootee Elementary with 291 enrolled students and Martin Community Center.
Old National Bank is an American regional bank with 200 retail office and $48 Billion in Assets and the sixth largest commercial bank in the Midwest.
Property Facts
Amenities
- Banking
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 1,452 SF
- -
- Triple Net
- Oct 2027
Old National is the sixth largest commercial bank headquartered in the Midwest and a top U.S. bank. As a regional bank with billions in assets, they have the heart, culture and DNA of a smaller community bank, they are proud to have strong relationships with their clients and communities and an inclusive work environment that empowers their team members to deliver their best. It started on the shore of the Ohio River in 1834, in what would eventually become Evansville, Indiana. Old National successfully navigated difficult periods, including the Panic of 1837 and the 1929 Wall Street crash that ushered in the Great Depression. Through it all, Old National remained strong and continued to grow.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 1,452 SF | - | Triple Net | Oct 2027 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 51-08-25-200-125.000-008 | Improvements Assessment | $475,500 |
| Land Assessment | $74,800 | Total Assessment | $550,300 |
PROPERTY TAXES
Presented by
Old National Bank | 602 W Broadway
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