- In Q2 of 2020, CIRE added a single-tenant bank portfolio comprising three Old National Banks in Indiana.
- This investment includes a corporately guaranteed lease from an investment-grade tenant, Old National Bank, with a Moody’s Credit Rating of Aa3.
- The current lease term is in place until 2022, with four five-year option periods and annual rent increases throughout the remaining lease term and option periods.
- The Old National Bank location in Covington, IN, is in the immediate area of retail tenants, including Dollar General, CVS Pharmacy, Marathon, Subway, MainSource Bank, Centre Bank, U-Haul, Parish Tire & Battery Shop, Covington Foods Inc., etc.
401 Washington401 Washington St Covington, IN 47932
Our single-tenant bank portfolio comprises of three Old National Banks in IndianaAre you interested in leasing this property?
Old National Bank