309 N Washington St - Bank FOR SALE
Crawfordsville, IN 47933 |
$1,685,000 USD
305-395-6972
309 N Washington St
Crawfordsville, IN 47933
HIGHLIGHTS
- Brand-new 15-year absolute NNN lease with zero landlord responsibilities.
- PNC Bank corporate guarantee with investment-grade BBB- credit rating.
- Annual base rent of $80,000 ($26.67 PSF), well below market average.
- 10% rental increases every five years, including renewal options.
- Tenant-funded $2.7M investment and relocation of $112M in deposits.
- Drive-thru equipped, new construction slated for August 2026 delivery.
FOR SALE DETAILS
PRICE
$1,685,000 USD
PRICE/SF
$562 USD /SF
CAP RATE
4.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
PNC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
B3
APN/PARCEL ID
54-07-32-332-027.000-030
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305-395-6972
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305-395-6972
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