Listed by Cushman & Wakefield - Cincinnati, Ohio, Cushman & Wakefield - Chicago, Illinois
$1,185,000
First Mid Bank & Trust
Details
Property Type Retail
Square Footage 4,500
Units 21
Cap Rate 7.00%
NOI $83,039
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 05/31/2029
Remaining Term 2.9
Rent Bumps Yes
Year Built 1996
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/15/2099
Ground Lease No
Absolute NNN | Investment Grade Tenant
Marketing description
Strategically located in Murphysboro, Illionois, the county seat of Jackson County, the property benefits from consistent government-driven employment and serves as a key financial services location within the community. The branch is positioned along a well-trafficked corridor with approximately 13,900 vehicles per day, representing a strong visibility and accessibility relative to the size of the market.
Investment highlights
- Leased to investment-grade tenant
- New roof and HVAC systems in 2024
- Located in the county seat for Jackson County
- Strong branch performance
- Located along main corridor with approximately 13,900 vehicles per day
- Below market rents
Listing Contacts
Listed by Cushman & Wakefield - Cincinnati, Ohio, Cushman & Wakefield - Chicago, Illinois
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,038.56
$6,919.88/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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