PNC Bank

4030 S East Street, Indianapolis, Indiana



Price : $1,703,367
Cap Rate : 6.25%
NOI : 106,461
Price Per SF : $345.16
Building Size : 49,350 Sq Ft
Lot Size (AC) : 1.66
Year Built : 2003
Lease Type : NNN
Lease Expiration : 03/31/2023
Renewal Options : 2, 5-Year
Rental Increases : 15% each option
Occupancy : 100%
Status : Available
Property Type : Retail

Investment Highlights

Ground lease
Below Market Rent
Established Location
Strong corporate guarantee
No landlord responsibilities
High visibility to over 29,000 VPD
2, 5-year options with 13% rent increases
Located 1/2 mile from University of Indianapolis
294,000 SF Kroger Anchored Power Center Outparcel
Surrounded by numerous investment grade credit retailers
PNC is the ninth largest bank by assets in the United States
5th Largest Deposit out of 30 Branches in Marion County, Indianapolis, IN
Densely populated with over 70,000 people within three miles and over 200,000 People within 5 miles
The subject property benefits from an excellent location off a major interstate 465 with over 92,000 VPD


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.

View On Map