2014 State St, New Albany, IN 47150 For Sale

Qualified investors are extended the opportunity to acquire a 100.0% fee simple interest in a NNN lease PNC Bank in New Albany, Indiana. This prime PNC Bank location is strategically positioned adjacent to Baptist Health Floyd, a 225-bed regional hospital staffed by over 600 physicians and more than 2,000 associates. The immediate area has become a rapidly growing retail hub in New Albany, attracting major national retailers such as Kroger, Target, Marshalls, and Home Depot. With its convenient location along I-265 and I-64—less than 10 miles from downtown Louisville, KY—the property serves a broad regional customer base.

The site boasts high visibility on a prominent corner with direct access from three streets, including State Street, which sees over 30,000 vehicles per day. Signalized intersections at Green Valley Road and Knable Lane further enhance accessibility. Additionally, the investment features a NNN lease structure with zero landlord responsibility. The lease is in the first year of its current five-year term, with two extension options remaining and 20% rental increases every five years.