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31675595
31675596

36450 Main St, Whitehall, WI 54773

AS
IL 475.170243
JLL Chicago | Americas Headquarters
JC
SL3541410
JLL - Irvine (Orange County), California
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California
$980,000
52 days on market
Updated 52 days ago

First National Bank - Whitehall, WI

Details
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 2,400
Cap Rate 7.50%
NOI $73,440
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 01/31/2043
Remaining Term 16
Rent Bumps Yes
Lease Options 3 x 5-Years
Price per SqFt $408
Year Built 1978
Acreage 0.810
Investment Type Net Lease
Lease Commencement 02/13/2026
Ground Lease No
Ownership TS Banking Group

Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | Anchored By Manufacturing Plant | 7.50%

Marketing description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the exclusive opportunity to acquire the fee simple interest in a First National Bank & Trust Company branch at 36450 Main St in Whitehall, Wisconsin. This investment offers secure, long-term passive income through a 17-year absolute NNN lease with approximately 16 years remaining. The lease features zero landlord responsibilities, 2.5% annual rent escalations, and three five-year renewal options.

First National Bank & Trust Company is a subsidiary of TS Contrarian, a community-focused holding company headquartered in Treynor, Iowa. The parent bank holds $794.8 million in assets and $758.2 million in deposits as of December 31, 2025, with over 150 years of banking stability since its 1872 charter. Located in Whitehall, Wisconsin (county seat of Trempealeau County), the Property serves a manufacturing-based economy anchored by Ashley Furniture Industries and Ornua Ingredients. The town has approximately 1,600 residents with average household income just under $90,000, with daytime population increasing roughly 40% due to industrial workers. Ashley Furniture's local facility employs approximately 500 workers, providing stable employment that supports sustained commercial activity.

This offering represents a unique opportunity to acquire a hands-off asset or portfolio of assets with a long-term lease backed by a top-performing community bank in a strategic location poised for significant economic growth.

Investment highlights

  • ±16 Years of primary lease term remaining
  • $33M in 2025 Bank Branch Deposits
  • 2.50% Annual rent escalations
  • ±40% Increase in daytime population within a one-mile radius
  • Sub Portfolio Options: Total portfolio includes 11 total sites in 4 states (IA, IL, ND, WI)
  • Local community anchored by Ashleys Manufacturing Plant (#1 Furniture Manufacturer in the World)
  • $89.5k Average household income within a 5-mile radius
  • Absolute NNN Lease: Zero landlord responsibilities

Listing Contacts

AS
IL 475.170243
JLL Chicago | Americas Headquarters
JC
SL3541410
JLL - Irvine (Orange County), California
Listed by JLL Chicago | Americas Headquarters, JLL - Irvine (Orange County), California

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$73,440.00
$6,120.00/mo

Valuation Metrics

0
DSCR
7.49%
Cap Rate
7.49%
ROI

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Additional Information

Name
Jaime Fink
License
54163-90
Brokerage
JLL
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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