Skip to main content

Bank

Old National Bank NNN Annual Increases

886 Sycamore St, Rockport, IN 47635

Listing Price: $756,800

Cap Rate
7.50%
Tenant Name
Old National Bank
Years Remaining On Lease
3.5
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$164.52
Lease Type
Absolute Net
Rent Per Square Feet
$12.34

Investment Overview

Marcus & Millichap is pleased to present for sale this Old National Bank
located at 886 Sycamore Street in Rockport, Indiana. This branch boasts
strong deposits exceeding $54 Million in 2023.
Many colleges and universities surround this Old national Bank Property
including Vicennes University with 16,773 Enrolled Students, Owensburg
Community and Technical College with 4,621 enrolled students and
Brescia University with 841 enrolled students.
Numerous apartment complexes also surround this property including
Rockport High Rise Apartments, Health Acres Apartments, Zulu Duplexes,
Spencer Village, East View Apartments, Simpson Apartments, Garden
Grace Apartments, Greentree Apartments and Lee Manor Apartments.
Old National Bank is an American regional bank with nearly 200 retail
branches operated by Old National Bancorp and based in Chicago and
Evansville, Indiana. Old National Bank has over $48 Billion in assets and
is the sixth largest commercial bank headquartered in the Midwest and
a top 30 U.S. Bank.

Investment Highlights

  • Old National Bank Absolute NNN Lease | Strong Deposits Exceeding $54 Million
  • Fee Simple Lease Structure | Annual Rent Increases
  • Old National Bank Located at 886 Sycamore Street in Rockport, Indiana and Located Along the Ohio River
  • Numerous Colleges and Universities Surround this Old National Bank Including Vicennes University with 16,773 Enrolled Students, Owensburg Community and Technical College with 4,621 Enrolled Students and Brescia University with 841 Enrolled Students
  • Many Apartment Complexes Surround this Old national Bank Including Rockport High Rise Apartments, Health Acres Apartments, Zulu Duplexes, Spencer Village, East View Apartments, Simpson Apartments, Garden Grace Apartments, Greentree Apartments and Lee Manor Apartments
  • Old National Bank is an American Regional Bank with 200 Retail Branches Operated by Old National Bancorp and With Over $48 Billion in Assets and the Sixth Largest Commercial Bank Headqaurtered in the Midwest

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Bank

Old National Bank NNN Annual Increases

Listing Price: $756,800

Cap Rate
7.50%
Tenant Name
Old National Bank
Years Remaining On Lease
3.5
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$164.52
Lease Type
Absolute Net
Rent Per Square Feet
$12.34

Investment Highlights

  • Old National Bank Absolute NNN Lease | Strong Deposits Exceeding $54 Million
  • Fee Simple Lease Structure | Annual Rent Increases
  • Old National Bank Located at 886 Sycamore Street in Rockport, Indiana and Located Along the Ohio River
  • Numerous Colleges and Universities Surround this Old National Bank Including Vicennes University with 16,773 Enrolled Students, Owensburg Community and Technical College with 4,621 Enrolled Students and Brescia University with 841 Enrolled Students
  • Many Apartment Complexes Surround this Old national Bank Including Rockport High Rise Apartments, Health Acres Apartments, Zulu Duplexes, Spencer Village, East View Apartments, Simpson Apartments, Garden Grace Apartments, Greentree Apartments and Lee Manor Apartments
  • Old National Bank is an American Regional Bank with 200 Retail Branches Operated by Old National Bancorp and With Over $48 Billion in Assets and the Sixth Largest Commercial Bank Headqaurtered in the Midwest

Investment Overview

Marcus & Millichap is pleased to present for sale this Old National Bank located at 886 Sycamore Street in Rockport, Indiana. This branch boasts strong deposits exceeding $54 Million in 2023. Many colleges and universities surround this Old national Bank Property including Vicennes University with 16,773 Enrolled Students, Owensburg Community and Technical College with 4,621 enrolled students and Brescia University with 841 enrolled students. Numerous apartment complexes also surround this property including Rockport High Rise Apartments, Health Acres Apartments, Zulu Duplexes, Spencer Village, East View Apartments, Simpson Apartments, Garden Grace Apartments, Greentree Apartments and Lee Manor Apartments. Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. Old National Bank has over $48 Billion in assets and is the sixth largest commercial bank headquartered in the Midwest and a top 30 U.S. Bank.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower