309 N Washington St, Crawfordsville, IN 47933 For Sale

New Construction: Currently under construction with an anticipated August 2026 completion, delivering a brand-new, high-quality asset to the incoming investor.

$2.7M Tenant Investment: Recent tenant-funded renovations signal deep commitment to the location while significantly upgrading the asset.

Established Deposits: This site serves as a strategic relocation for a historically entrenched branch holding $112,117,000 in deposits. This transition ensures the seamless transfer of a massive, legacy customer base and guarantees immediate, high-performing stability for the new location.

Drive-Thru Convenience: The site is equipped with a drive-thru, providing customers with a seamless, quick, and easy way to handle everyday deposits and withdrawals.

Exceptionally Low Rent Profile: At just $80,000 annually ($26.67 PSF), this asset features a base rent that is drastically lower than the national average for comparable freestanding PNC branches

Absolute NNN Lease: Brand-new 15-year absolute triple-net (NNN) lease, with the tenant responsible for all operating expenses, including roof, structure, taxes, insurance, and maintenance, providing a truly passive investment with zero landlord obligations.

Investment-Grade Tenancy: The lease is backed by a corporate guarantee from PNC Financial Services Group (NYSE: PNC). As a publicly traded, blue-chip financial institution with a BBB- credit rating from Standard & Poor’s, PNC offers strong creditworthiness and enhances the investment’s stability with reliable, long-term income.

Structured Rent Growth: 10% rental escalations every five years, including during renewal option periods, ensuring predictable income growth and inflation protection throughout the lease term.

National Banking Platform: PNC operates approximately 2,300 branches and 60,000 ATMs nationwide, supported by a $2 billion expansion initiative to open 300+ additional locations by 2030, reinforcing long-term tenant stability and growth.