886 Sycamore StRockport, IN 47635
7.5% Cap Rate, Fee Simple, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Absolute NNN lease with Old National Bank; strong deposits exceeding $54 million.
- Fee simple ownership with annual rent increases.
- Old National Bank located at 886 Sycamore Street, Rockport, Indiana, along the Ohio River.
- Surrounded by numerous colleges and universities, including Vincennes University (16,773 students), Owensboro Community & Technical College (4,621 students), and Brescia University (841 students).
- High density of surrounding apartment complexes including Rockport High Rise, Health Acres, Zulu Duplexes, Spencer Village, East View, Simpson, Garden Grace, Greentree, and Lee Manor.
- Old National Bank is a major Midwest regional bank (Old National Bancorp), with over 200 retail branches and $48 billion in assets.
Property Details for 886 Sycamore St
- Property type
- Retail properties, Banks
- Square Feet
- 4,600 SF
- Year Built
- 1986
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 23,958 SF
- Units
- 1
Location Insight
- City
- Rockport
- County
- Spencer
- State
- Indiana
- Latitude
- 37.8926104
- Longitude
- -87.0579376
Nearby Similar for Sale
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