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31675754
31675755

131 W Main St, Arcadia, WI 54612

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
$940,000
67 days on market
Updated 67 days ago

First National Bank - (131 W Main St) Arcadia, WI

Details
Property Type Retail
Sub Type Bank
Net Rentable (SqFt) 2,300
Cap Rate 7.50%
NOI $70,380
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 $409
Year Built 1968
Acreage 0.520
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 | 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

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
$70,380.00
$5,865.00/mo

Valuation Metrics

0
DSCR
7.49%
Cap Rate
7.49%
ROI

Map

Zoning

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C-1 CommercialCore CommercialDowntown Commercial
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Last updated Jan 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

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