141 W Lincoln Hwy - Bank FOR SALE
Schererville, IN 46375 |
$4,816,000 USD
949-230-1487
141 W Lincoln Hwy
Schererville, IN 46375
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
OVERVIEW
• Long-term 15-year Lease began March-2024
• 2% annual rent increases provide steady, predictable NOI growth
• Absolute NNN lease — tenant is responsible for CAM, taxes, insurance, and all maintenance
• Zero Landlord Responsibilities, delivering ideal passive, management-free investment income
• Fee Simple Ownership — investor controls both land and building
FOR SALE DETAILS
PRICE
$4,816,000 USD
PRICE/SF
$512 USD /SF
CAP RATE
7.14%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Peoples Bank
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,916 SF
ZONING
P.O.
APN/PARCEL ID
45-11-16-254-001.000-036
ASK ABOUT THIS PROPERTY
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949-230-1487
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949-230-1487
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