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PNC 309 N Washington St 3,000 SF Retail Building Crawfordsville, IN 47933 $2,309,781 CAD ($769.93 CAD/SF) 4.75% Cap Rate
Investment Highlights
- Brand-new 15-year absolute NNN lease with zero landlord responsibilities.
- Annual base rent of $80,000 ($26.67 PSF), well below market average.
- Tenant-funded $2.7M investment and relocation of $112M in deposits.
- PNC Bank corporate guarantee with investment-grade BBB- credit rating.
- 10% rental increases every five years, including renewal options.
- Drive-thru equipped, new construction slated for August 2026 delivery.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # RC52200195, RB17001213 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # RC52200195, RB17001213 (IN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
3,000 SF
Building Class
C
Year Built
1979
Price
$2,309,781 CAD
Price Per SF
$769.93 CAD
Cap Rate
4.75%
NOI
$109,663 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
B3 - Commercial
Parking
12 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 54-07-32-332-027.000-030 | Improvements Assessment | $191,774 CAD |
| Land Assessment | $73,749 CAD | Total Assessment | $265,522 CAD |
Property Taxes
Parcel Number
54-07-32-332-027.000-030
Land Assessment
$73,749 CAD
Improvements Assessment
$191,774 CAD
Total Assessment
$265,522 CAD
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PNC | 309 N Washington St
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