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908 E Deyoung St 2,040 SF Retail Building Marion, IL 62959 $1,195,000 ($585.78/SF) 10.90% Cap Rate
EXECUTIVE SUMMARY
Available for acquisition is a 2,040 SF single-tenant, absolute NNN bank branch situated in a prime location in Marion, IL. This investment offers long-term income stability, backed by a $2 billion financial institution with a strong operational presence—over $100 million in deposits are held at this specific branch.
The property features three drive-thru bays and an on-site ATM, ensuring customer convenience and high service throughput. A long-term lease is currently in place, with renewal options extending through October 2059, providing extended investment security.
With a cap rate of 10.9%, this asset presents a compelling opportunity for investors seeking reliable, passive income supported by a well-capitalized tenant.
Offered at a sale price of $1,195,000. For further details or to request financials, please contact the listing broker.
The property features three drive-thru bays and an on-site ATM, ensuring customer convenience and high service throughput. A long-term lease is currently in place, with renewal options extending through October 2059, providing extended investment security.
With a cap rate of 10.9%, this asset presents a compelling opportunity for investors seeking reliable, passive income supported by a well-capitalized tenant.
Offered at a sale price of $1,195,000. For further details or to request financials, please contact the listing broker.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
2,040 SF
Building Class
B
Year Built
1990
Price
$1,195,000
Price Per SF
$585.78
Cap Rate
10.90%
NOI
$130,255
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.21 AC
Parking
7 Spaces (3.43 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 07-18-208-014 | Improvements Assessment | $88,620 |
| Land Assessment | $17,170 | Total Assessment | $105,790 |
PROPERTY TAXES
Parcel Number
07-18-208-014
Land Assessment
$17,170
Improvements Assessment
$88,620
Total Assessment
$105,790
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908 E Deyoung St
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