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Old National Bank 401 Washington St 6,364 SF Retail Building Covington, IN 47932 $3,322,708 CAD ($522.11 CAD/SF) 6% Cap Rate

Banks Indiana Covington 401 Washington St, Covington, IN 47932

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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
$3,322,708 CAD
Price Per SF
$522.11 CAD
Cap Rate
6%
NOI
$199,363 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.17 AC
Zoning
COVIN - Commercial
Parking
26 Spaces (4.09 Spaces per 1,000 SF Leased)
Frontage
67’ on Washington St

AMENITIES

  • Signage
1 1

NEARBY MAJOR RETAILERS

County Market
Old National Bank

PROPERTY TAXES

Parcel Number 23-06-35-225-037.000-016 Improvements Assessment $125,689 CAD
Land Assessment $105,888 CAD Total Assessment $231,577 CAD

PROPERTY TAXES

Parcel Number
23-06-35-225-037.000-016
Land Assessment
$105,888 CAD
Improvements Assessment
$125,689 CAD
Total Assessment
$231,577 CAD
(619) 727-2074

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Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 24292965

  • Date on Market: 2021-10-14

  • Last Updated:

  • Address: 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

Joshua Volen
(619) 727-2074

Andrew Slade
(619) 277-4202

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