400 Market St - Bank FOR SALE
Mount Carmel, IL 62863 |
400 Market St
Mount Carmel, IL 62863
HIGHLIGHTS
- 13,068 Square Foot First Mid Bank & Trust Branch Located in Mount Carmel
- Tenant Exercised a 5-Year Lease Renewal in 2022
- Absolute Net Lease (NNN) - Zero Landlord Responsibilities
- 1.5% Annual Rental Increases Throughout Primary Term and Options
- (3) Five-Year Renewal Options Featuring Annual Rental Increases
- Corporate Guarantee: $46.5 Million in Deposits | 24% Increase From 2021
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
First Mid Bank & Trust
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
13068
STORIES
2
YEAR BUILT
1988
SPRINKLERS
-
PARKING SPACES
12
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
05-211-20-421-033
