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Bank

First Midwest Bank

2930 Ridge Rd, Highland, IN 46322

Listing Price: $2,400,000

Cap Rate
6.75%
Tenant Name
First Midwest Bank
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$45.01

Investment Overview

First Midwest Bank (NASDAQ: FMBI) is a relationship-focused financial institution specializing in commercial banking, consumer banking, and wealth management. First Bank is the third-largest independent Illinois-headquartered bank with locations in Illinois, Indiana, Wisconsin and Iowa.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guarantee
  • Strong, Increasing Deposits
  • 198,306 Residents within a Five-Mile Radius
  • Subject Property Serves the Highland Trade Area, Part of the Chicago MSA
  • Hard Corner Location, Visible to Nearly 17,800 Cars Per Day at the Intersection of Ridge Road and South 5th Street

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $2,400,000

Cap Rate
6.75%
Tenant Name
First Midwest Bank
Years Remaining On Lease
3.0
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$45.01

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate Guarantee
  • Strong, Increasing Deposits
  • 198,306 Residents within a Five-Mile Radius
  • Subject Property Serves the Highland Trade Area, Part of the Chicago MSA
  • Hard Corner Location, Visible to Nearly 17,800 Cars Per Day at the Intersection of Ridge Road and South 5th Street

Investment Overview

First Midwest Bank (NASDAQ: FMBI) is a relationship-focused financial institution specializing in commercial banking, consumer banking, and wealth management. First Bank is the third-largest independent Illinois-headquartered bank with locations in Illinois, Indiana, Wisconsin and Iowa.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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