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Old National Bank 407 S Main St 14,074 SF Retail Building Clinton, IN 47842 $4,007,858 CAD ($284.77 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Annual Rental Increases of 1.5%
- Large Parcel – Property Situated on Over an Acre of Land
EXECUTIVE SUMMARY
Absolute NNN Lease- No Landlord Responsibilities Whatsoever
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,074 SF
Building Class
C
Year Built
1964
Price
$4,007,858 CAD
Price Per SF
$284.77 CAD
Cap Rate
6%
NOI
$240,471 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.18 AC
Opportunity Zone
Yes
Zoning
EMS-VD - Commercial
Parking
55 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 83-13-15-310-049.000-002 | Improvements Assessment | $25,005 CAD |
| Land Assessment | $4,330 CAD | Total Assessment | $29,335 CAD |
PROPERTY TAXES
Parcel Number
83-13-15-310-049.000-002
Land Assessment
$4,330 CAD
Improvements Assessment
$25,005 CAD
Total Assessment
$29,335 CAD
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Old National Bank | 407 S Main St
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