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Bank

Old National Bank NNN Annual Increases

602 W Broadway St, Loogootee, IN 47553

Listing Price: $1,100,000

Cap Rate
7.00%
Tenant Name
Old National Bank
Years Remaining On Lease
3.5
Gross SF
1,452
Guarantor
Corporate Guarantee
Rentable SF
1,452
Price/Gross SF
$757.58
Lease Type
Absolute Net
Rent Per Square Feet
$53.03

Investment Overview

Marcus & Millichap is pleased to present for sale this Old National Bank
with Drive Thru located at 602 W. Broadway in Loogootee, Indiana. This
branch boasts strong deposits exceeding $54 Million in 2023.
Numerous apartment complexes surroound this Old National Bank
including Southwind Manor Apartments, County Place Apartments,
Larkin Apartments, Jules Cave Apartments, Burch Estates, and Olive
Lane Apartments.
Also nearby is Loogootee Elementary with 291 enrolled students and
Martin Community Center.
Old National Bank is an American regional bank with 200 retail office
and $48 Billion in Assets and the sixth largest commercial bank in the
Midwest.

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 602 W. Broadway in Loogootee, Indiana with traffic counts exceeding 12,599 Vehicles Per Day
  • Numerous apartment complexes surround this Old national Bank Property including Southwind Manor Apartments, County Place Apartments, Larkin Apartments, Jules Cave Apartments, Burch Estates and Olive Lane Apartments.
  • Located nearby this property is Loogootee Elementary School with 291 enrolled students and also Martin Community Learning Center.
  • Old National Bank is an American Regional Bank with 200 Retail Offices and $48 Billion in Assets and the Sixth Largest Bank in the Midwest

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Bank

Old National Bank NNN Annual Increases

Listing Price: $1,100,000

Cap Rate
7.00%
Tenant Name
Old National Bank
Years Remaining On Lease
3.5
Gross SF
1,452
Guarantor
Corporate Guarantee
Rentable SF
1,452
Price/Gross SF
$757.58
Lease Type
Absolute Net
Rent Per Square Feet
$53.03

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 602 W. Broadway in Loogootee, Indiana with traffic counts exceeding 12,599 Vehicles Per Day
  • Numerous apartment complexes surround this Old national Bank Property including Southwind Manor Apartments, County Place Apartments, Larkin Apartments, Jules Cave Apartments, Burch Estates and Olive Lane Apartments.
  • Located nearby this property is Loogootee Elementary School with 291 enrolled students and also Martin Community Learning Center.
  • Old National Bank is an American Regional Bank with 200 Retail Offices and $48 Billion in Assets and the Sixth Largest Bank in the Midwest

Investment Overview

Marcus & Millichap is pleased to present for sale this Old National Bank with Drive Thru located at 602 W. Broadway in Loogootee, Indiana. This branch boasts strong deposits exceeding $54 Million in 2023. Numerous apartment complexes surroound this Old National Bank including Southwind Manor Apartments, County Place Apartments, Larkin Apartments, Jules Cave Apartments, Burch Estates, and Olive Lane Apartments. Also nearby is Loogootee Elementary with 291 enrolled students and Martin Community Center. Old National Bank is an American regional bank with 200 retail office and $48 Billion in Assets and the sixth largest commercial bank in the Midwest.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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