Contacts
Matt Weber
Encore Real Estate Investment Services
Property Details
- Property Type Retail - Street Retail
- Property Size 13,068 SF
- Lot Size 0.53 Acre
- Property Tenancy Single Tenant
- Year Built 1988
- Date Updated Mar 21, 2025
113,068 Square Foot First Mid Bank & Trust Branch Located in Mt. 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
Corporate Guarantee: $46.5 Million in Deposits | 24% Increase From 2021
(3) Five-Year Renewal Options Featuring Annual Rental Increases
First Mid-Illinois Acquired 11 Locations in September of 2015 from Old National Bank.
8,500 People Within 5 Miles of Subject Property
Household Income in A 5-Mile Radius Exceeds $64,000
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Highlights
- 13,068 Square Foot First Mid Bank & Trust Branch Located in Mt. 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 | First Mid-Illinois Acquired 11 Locations in September of 2015 from Old National Bank
- 8,500 People Within 5 Miles of Subject Property
- Household Income in A 5-Mile Radius Exceeds $64,000
Getting around
-
69/100
Walk Score ®
-
42/100
Bike Score ®
Powered by Walk Score ®
Location
- City Mount Carmel, IL
- Zip Code 62863
Points of Interest
-
McDonald's
0.44 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Matt Weber
Encore Real Estate Investment Services