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1709 Walnut St 4,500 SF Retail Building Murphysboro, IL 62966 $1,185,000 ($263.33/SF) 7.01% Cap Rate
Investment Highlights
- Investment-Grade Tenant
- Essential Use Asset
- County Seat
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire an Absolute NNN First Mid Bank & Trust, a well-capitalized regional financial institution (NASDAQ: FMBH), with an investment-grade profile.
Strategically located in Murphysboro, Illinois, 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 strong visibility and accessibility relative to the size of the market.
Strategically located in Murphysboro, Illinois, 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 strong visibility and accessibility relative to the size of the market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
4,500 SF
Building Class
B
Year Built
1996
Price
$1,185,000
Price Per SF
$263.33
Cap Rate
7.01%
NOI
$83,039
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.26 AC
Zoning
C - Commercial
Parking
21 Spaces (4.67 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-04-355-010 | Improvements Assessment | $148,582 |
| Land Assessment | $28,902 | Total Assessment | $177,484 |
Property Taxes
Parcel Number
14-04-355-010
Land Assessment
$28,902
Improvements Assessment
$148,582
Total Assessment
$177,484
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