Listed by SRS Real Estate Partners Newport Beach
$4,816,000
Peoples Bank
Details
APN 45-11-16-254-001.000-036
Property Type Retail
Sub Type Bank
Square Footage 9,410
Cap Rate 7.14%
NOI $343,894
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/28/2039
Remaining Term 12.7
Rent Bumps Yes
Year Built 1989
Stories 2
Acreage 1.100
Zoning P.O. Professional Office
Parking Spaces 37 spaces
Parking Per SqFt 3.93
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/01/2024
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 7.14% CAP | 9,410 SqFt
Investment highlights
- 15-Year Lease | 2% Annual Rent Increases | Absolute NNN |Fee Simple Ownership | Zero Landlord Responsibilities
- Corporate Guaranteed | Finward Bancorp (NASDAQ: FNWD) | Strong Company Financials
- Established Bank Branch Since 1990 | $146M Deposits | Full-Service Banking | Excellent Visibility, Access, Parking, and Drive-Thru ATM’s
- High Traffic Prime Retail Location | W. Lincoln Highway (41,900 VPD) | Dense Commercial Corridor
- Strong Demographics & Regional Growth | Part of Chicago’s 9.5 million Person MSA
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$343,894.00
$28,657.83/mo
Valuation Metrics
0
DSCR
7.14%
Cap Rate
7.14%
ROI
Map
Zoning
P-O CommercialOfficeProfessional Office
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View all 11 uses
View all 11 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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