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522 Main St
Mount Vernon, IL 62864
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Single-tenant, absolute NNN structure for minimal landlord responsibility
- Over $330 million in deposits at the Mount Vernon branch
- Offered at $3,100,000 with a 6.07% cap rate
- Lease guaranteed by a $2 billion bank with strong financial backing
- Long-term lease with renewal options through 2059
EXECUTIVE SUMMARY
522 Main Street in Mount Vernon presents a rare opportunity to acquire a single-tenant, absolute NNN bank property backed by a $2 billion financial institution. This investment offers exceptional stability with a long-term lease and renewal options extending through October 2059, ensuring decades of predictable income. The branch boasts over $330 million in deposits, underscoring its strong market presence and customer loyalty. Strategically located in a vibrant community with an average household income exceeding $70,000 within a 3-mile radius, the property benefits from excellent demographics and accessibility. Features include three drive-thru bays, an ATM, and modern banking infrastructure designed for operational efficiency and customer convenience. Offered at $3,100,000 with a 6.07% cap rate, this asset combines secure tenancy, prime location, and enduring value—ideal for investors seeking a low-maintenance, income-producing property in a growing market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,546 SF
Building Class
B
Year Built
2008
Price
$4,239,374 CAD
Price Per SF
$2,742.16 CAD
Cap Rate
6.07%
NOI
$257,330 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
B-2 - Secondary Business
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
PROPERTY TAXES
| Parcel Number | 07-29-337-015 | Improvements Assessment | $421,098 CAD |
| Land Assessment | $47,626 CAD | Total Assessment | $468,724 CAD |
PROPERTY TAXES
Parcel Number
07-29-337-015
Land Assessment
$47,626 CAD
Improvements Assessment
$421,098 CAD
Total Assessment
$468,724 CAD
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