First National Bank - (131 W Main St) Arcadia, WI
Absolute NNN Bank Branch | 17-Yr Term w/ 2.5% Annual Bumps | Adjacent To Ashley Furniture HQ | 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 (the "Tenant") branch located at 131 W Main St in Arcadia, Wisconsin (the "Property"). This investment offers a secure, long-term passive income stream through a 17-year absolute NNN lease with approximately 16 years of primary term remaining, zero landlord responsibilities, attractive 2.5% annual rent escalations, and three five-year renewal options.
First National Bank & Trust Company is a subsidiary of TS Contrarian (the "Guarantor"), 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, bringing over 150 years of stability and community-focused banking since its 1872 charter. The Property is strategically positioned along W Main Street (approximately 8,700 vehicles daily) and directly adjacent to Ashley Furniture Industries' global headquarters. The one-mile trade area shows a 70% daytime population increase driven by dense industrial, corporate, and logistics employment, with average household income of approximately $88,000. Arcadia serves as a regional employment center anchored by Ashley Furniture Industries—the world's largest furniture manufacturer, generating over $10 billion in annual revenue.
This offering represents a unique opportunity to acquire a hands-off asset or portfolio of assets backed by a top-performing community bank in a strategic location poised for sustained economic growth.
Investment highlights
- ±16 years of primary lease term remaining
- ±9k vehicles per day ("VPD") exposure from E Main St
- 2.50% annual rent escalations
- ±70% increase in daytime population within a one-mile radius
- Absolute NNN Lease with zero landlord responsibilities
- Sub Portfolio Options: Total portfolio includes 11 total sites in 4 states (IA, IL, ND, WI)
- Adjacent to Ashley Furniture Industries Corporate Headquarters (#1 Furniture Manufacturer in the Nation)
- $88.7k average household income within a 5-mile radius
- Arcadia is home to one of only seven private intermodal rail ramps in North America
- $79.8M in 2025 Bank Branch Deposits
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