PNC Bank for Sale in East Chicago, IN
East Chicago, IN
Key Investment Metrics
Price
$975,000
Cap Rate
6.3%
Net Operating Income
$55,000
Building Size
3998 SF
Remaining Term
0 years
Lease Expiration
05/31/2025
Lease Term
20 years
Lease Commencement
05/31/2005
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2005
Tenancy
Single
Rent Increases
10% rent increases in years 11 and 16 of the initial 20-year term; fixed rental rate increase every
Property overview
PNC Bank in East Chicago
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,998 SF
- Year built
- 2005
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2025
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.