434 S Main St, Ottawa, KS 66067
Marcus & Millichap is pleased to present the fee simple interest in this Bank Midwest in Ottawa, KS. The subject is a single tenant property built in 1967 and remodeled in 1999. The 6,766 square foot building was formally home to People's Bank, which was originally founded in Ottawa, KS in 1871, until National Bank Holding Corporation purchased the bank and its assets for $39M in 2017 and subsequently branded this location as a Bank Midwest. National Bank Holding Corporation is listed on the New York Stock Exchange as NYSE: NBHC and has 101 locations and an A+ Health Rating from Deposit Accounts by Lending Tree.
Bank Midwest Signed a new 12 Year lease extension in February of 2021. The lease is an Absolute Net with zero landlord responsibilities and offers 7% rent increases every 6 years during the initial term and 5% increases during the two, five-year option periods.
The property is located on the corner of Main St and 5th Ave across from the city park and the Washburn Towers, a senior housing facility. Ottawa Kansas is the county seat of Franklin county just 30 minutes southwest of Kansas City and south of Lawrence KS.
Marcus & Millichap is pleased to present the fee simple interest in this Bank Midwest in Ottawa, KS. The subject is a single tenant property built in 1967 and remodeled in 1999. The 6,766 square foot building was formally home to People's Bank, which was originally founded in Ottawa, KS in 1871, until National Bank Holding Corporation purchased the bank and its assets for $39M in 2017 and subsequently branded this location as a Bank Midwest. National Bank Holding Corporation is listed on the New York Stock Exchange as NYSE: NBHC and has 101 locations and an A+ Health Rating from Deposit Accounts by Lending Tree.
Bank Midwest Signed a new 12 Year lease extension in February of 2021. The lease is an Absolute Net with zero landlord responsibilities and offers 7% rent increases every 6 years during the initial term and 5% increases during the two, five-year option periods.
The property is located on the corner of Main St and 5th Ave across from the city park and the Washburn Towers, a senior housing facility. Ottawa Kansas is the county seat of Franklin county just 30 minutes southwest of Kansas City and south of Lawrence KS.
