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Indianapolis, IN 46227

PNC Bank Ground Lease

Property Address

4030 South East Street, Indianapolis, IN, USA

Offering Summary

  • Price: $1,982,000
  • Lot Size: 1.66 Acres
  • Year Built: 2003
  • Building SF: 4,935
  • Status: Closed
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  • 6-Year Absolute Triple-Net (NNN) Corporate Guaranteed Ground Lease
  • Attractive Rent Growth with $9,600 Increase in Each Option Period
  • Excellent Branch Deposits of $193,865,000; 2nd Highest in Indianapolis & 4th Highest in State of Indiana
  • Investment Grade Tenant - PNC is the 6th Largest Bank by Deposits in the U.S., a Market Capitalization of Approximately 56.4 Billion
  • Located between Downtown Indianapolis and Interstate 465 (Approx. 33,668 Cars/Day)
  • Shadow-Anchored to Kroger Grocery Store and Shares Ingress / Egress to Kroger’s Parking Lot and Gas Station
  • Immediate Proximity to National Tenants - Ross, Qdoba, Pizza Hut, AutoZone, AMC, Public Storage, Harbor Freight Tools, and More
  • 212,356 Residents within a 5-Mile Radius with an Average Household Income of $62,828

Broker Information

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