401 Washington

401 Washington St Covington, IN 47932
Our single-tenant bank portfolio comprises of three Old National Banks in Indiana
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3
  • 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.

Property Type

Retail
0

SF/Acres

6,364

Submarket

Varies

Year Built/Renovated

1978

Tenant Highlights

Old National Bank

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401 Washington