PNC Bank - Net Lease Property for Sale
East Chicago, IN
Key Investment Metrics
Price
$975,000
Cap Rate
6.3%
Net Operating Income
$55,000
Building Size
3998 SF
Lot Size
3,998 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
About This PNC Bank Net Lease Property
This PNC Bank NNN (triple net lease) property is located in East Chicago, IN and represents an excellent investment opportunity for commercial real estate investors. The property features 3998 square feet of building space and was built in 2005.
With a cap rate of 6.3%, this PNC Bank net lease property offers stable income potential. The asking price is $975,000, making it an attractive option for 1031 exchange investors seeking quality PNC Bank commercial properties.
Why Invest in PNC Bank NNN Properties?
- Stable Income: PNC Bank net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: PNC Bank is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
East Chicago, IN Market Overview
Located in East Chicago, IN, this PNC Bank property benefits from strong local demographics and market fundamentals. The East Chicago area offers excellent visibility and accessibility, making it an ideal location for PNC Bank operations and a solid investment for net lease property buyers.