Sold Subscription Required
| Price $926,500 | Built/Renov 1986 | Tenant Old National Bank |
| Cap Rate 8.31% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
1,452
| Lease Start
11-01-2022
| #Units
258
|
| Price/SF $638.09 | Expiration
10-31-2027
| Tenant Type Bank/Financial |
| NOI $77,000 | R. Term 2.10 | Ownership Fee Simple |
| Rent/SF
$53.03
| Increases 0.0%/1/yrs | Pop 5Mi 6,522 |
| Lot/AC 0.91 | Options 1/5yrs | AHHI 5Mi $80,794 |
| | |
Old National Bank is strategically located on W Broadway Street, with access to 10,785 vehicles passing by daily. The surrounding area is characterized by numerous apartment complexes, including Southwind Manor Apartments, County Place Apartments, Larkin Apartments, Jules Cave Apartments, Burch Estates, and Olive Lane Apartments. Additionally, in close proximity to this property are...
...Build to suit
Dense retail corridor
Near major nationals
Strategically located
Strong tenant synergy
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant
Over 100 Units backed
Old National Bank is an American regional bank with over 250 retail branches operated by Old National Bancorp. It is based in the Midwest with dual headquarters in Chicago, Illinois, and...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,520 | 4,245 | 6,748 |
| 2023 Total Population : | 2,551 | 4,279 | 6,662 |
| 2023 Employed Civilian Pop : | 1,176 | 2,090 | 3,128 |
| 2023 Total Businesses : | 155 | 196 | 254 |
| 2023 Average Household Income : | $ 76,889 | $ 82,014 | $ 86,498 |
| 2023 Total Consumer Spending : | $ 77 M | $ 128 M | $ 198 M |
| 2023 Median Age : | 41 | 41 | 39 |
| 2023 Total Households : | 1,145 | 1,781 | 2,610 |
| 2023 Pop Age 25+: Bachelor's Degree : | 262 | 400 | 540 |
| 2023 Average Home Value : | $ 178,125 | $ 185,523 | $ 201,575 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mill Street | Pine St | 2021 | 13,089 | 0.08 mi |
| County Rd158 | 2021 | 6,585 | 0.12 mi | |
| US Hwy 231 | Elm St | 2018 | 6,338 | 0.12 mi |
| 231 | Elm St | 2020 | 5,922 | 0.13 mi |
| Mill Street | Pine St | 2018 | 12,649 | 0.17 mi |
| 50 | County Rd1300 E | 2020 | 8,213 | 0.21 mi |
| West Broadway Street | Industrial Ave | 2021 | 9,133 | 0.22 mi |
| W Broadway St | Industrial Ave | 2001 | 8,600 | 0.25 mi |
| West Broadway Street | Charles St | 2021 | 12,174 | 0.37 mi |
| East Broadway Street | SE 1st St | 2021 | 8,802 | 0.41 mi |
Sparta, TN
Cap Rate 8.75%
Lease Abs NNN
R. Term 3.80 yrs
Size/SF 2,600
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
