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Old National Bank portfolio

2 Retail Properties Offered at $7,699,437 in Multiple Locations

Retail Space Indiana Clinton Old National Bank portfolio

Investment Highlights

  • Single Tenant Absolute NNN Leased - Retail
  • No Landlord Responsibilities

Executive Summary

CIRE Partners is pleased to exclusively offer for sale a single tenant bank portfolio located in Indiana. The investment contains a corporately guaranteed lease from an investment grade tenant, First Mid Illinois Bank & Trust and Old National Bank (Aa3 Moody’s Credit Rating). The current lease term runs until 2029 and has four, five year option periods with annual rent increases throughout the remaining lease term and option periods.

Attachments

Clinton Bank OM
Covington Bank OM

Property Facts

Price $7,699,437 Number of Properties 2
Price / SF $376.72 / SF Individually For Sale 2
Cap Rate 6% Total Building Size 20,438 SF
Sale Type Investment NNN Total Land Area 2.35 AC
Status Active
Price $7,699,437
Price / SF $376.72 / SF
Cap Rate 6%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 20,438 SF
Total Land Area 2.35 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Old National Bank
401 Washington St, Covington, IN 47932 		Retail 6,364 SF 1978 $2,380,300
Old National Bank
407 S Main St, Clinton, IN 47842 		Retail 14,074 SF 1964 $2,871,123
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(619) 727-2074

Contacts

  • Listing ID: 24292988

  • Date on Market: 10/14/2021

  • Last Updated:

  • Address: Old National Bank portfolio, Covington, IN

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Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 1 of 7
1155 Main St
Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 2 of 7
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Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 3 of 7
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Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 4 of 7
407 S Main St
Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 5 of 7
407 S Main St
Old National Bank portfolio portfolio of 2 properties for sale on LoopNet.com Building Photo- Image 6 of 7
407 S Main St

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Old National Bank portfolio
(619) 727-2074 x

Old National Bank portfolio

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Joshua Volen

(619) 727-2074

(619) 727-2074

Andrew Slade

(619) 277-4202

(619) 277-4202

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