2014 State St New Albany, IN 47150

An opportunity exists to acquire a fee simple interest in a NNN lease PNC Bank located in New Albany, Indiana. The property is strategically positioned adjacent to Baptist Health Floyd, a regional hospital with 225 beds, over 600 physicians, and more than 2,000 associates. The immediate area is a rapidly growing retail hub, attracting major national retailers such as Kroger, Target, Marshalls, and Home Depot. The location is accessible via I-265 and I-64, less than 10 miles from downtown Louisville, KY, serving a broad regional customer base. The site offers high visibility on a prominent corner with direct access from three streets, including State Street, which experiences over 30,000 vehicles per day. Signalized intersections at Green Valley Road and Knable Lane further enhance accessibility. 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. The property size is 2,250 square feet.