This is an opportunity to purchase a 4,935SF Freestanding corporate guaranteed PNC Bank ground lease with 4 outside Drive thru’s on an oversized 1.66 acre lot. PNC’s strong investment grade credit rating with S&P of (A-) and operating in 19 States with 2,500 branches make it a very attractive asset to passive investors in the NNN investment market. The subject property is strategically located on an out-parcel of a very busy 294,000 SF Kroger anchored power center that includes a fueling station and next to a Steak N Shake on a main north to south thoroughfare with high visibility and excellent sign exposure to over 23,000 cars passing daily.
Interstate 465 encircles Indianapolis and this subject property benefits from an excellent location off a major interstate and S East Street is a main artery that leads to the business district of Indianapolis, placing the property in the middle of one of the city’s most sought-after locations. PNC bank is less than a mile North of the South side of Interstate 465 which is approx. 5 mi South of the Indianapolis business district.