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PNC Bank
  • Location:

    6020 W Jefferson Blvd
    Fort Wayne, IN 46804
  • Details:

    Type: Net Lease Investment Sale
    Status: Recently Sold
  • Description:

    The Property consists of a 4,222 sf freestanding bank branch on 0.85 acres of land. The tenant, Fort Wayne National Bank (Now PNC Bank, National Association), has operated at the site for over 37 years. Since inception, the subject bank branch has had a consistant track record with current deposits of over $47 million, which is 22% above the average PNC Bank within Allen County ($38 million/branch avg between 16 branches). Given the success of this branch, PNC recently extended a new 10-year lease agreement early, lengthening the lease term through December 31, 2025. Rent of only $71,500/yr ($16.93/sf) is well-below current market rates for the area, especially for such a high profile corner.
  • Contact: Web Design
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