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Old National Bank 401 Washington St

6,364 SF Retail Building Covington, IN 47932 $2,380,300 ($374/SF) 6% Cap Rate

Banks Indiana Covington 401 Washington St, Covington, IN 47932

Investment Highlights

  • Annual Rental Increases of 1.5%
  • Corporate Guarantee by Old National Bancorp

Executive Summary

Absolute NNN Lease- No Landlord Responsibilities Whatsoever

Attachments

Covington Bank OM

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
Cap Rate
6%
NOI
$142,818
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.17 AC
Parking
26 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
67 FT on Washington St
1 of 1

Nearby Major Retailers

County Market
Old National Bank

PROPERTY TAXES

Parcel Number 23-06-35-225-037.000-016 Improvements Assessment $97,900
Land Assessment $47,600 Total Assessment $145,500

PROPERTY TAXES

Parcel Number
23-06-35-225-037.000-016
Land Assessment
$47,600
Improvements Assessment
$97,900
Total Assessment
$145,500
(619) 727-2074

Contacts

  • Listing ID: 24292965

  • Date on Market: 10/14/2021

  • Last Updated:

  • Address: 401 Washington St, Covington, IN 47932

More public record information on 401 Washington St, Covington, IN 47932

The Retail Property at 401 Washington St, Covington, IN 47932 is currently available for sale. Contact CIRE Partners for more information.

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Old National Bank | 401 Washington St
(619) 727-2074 x

Old National Bank | 401 Washington St

1/2

Joshua Volen

(619) 727-2074

(619) 727-2074

Andrew Slade

(619) 277-4202

(619) 277-4202

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