Northbrook, IL – December 16, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant First Mid-Illinois Bank & Trust property located at 300 South Division Street in Carterville, Illinois for $1,075,000.
The 2,602 square foot building is strategically positioned just off of the signalized intersection of Division Street and Grand Avenue. Division Street is the primary north-south thoroughfare in the trade area while Grand Avenue is a primary east-west thoroughfare. The First Mid-Illinois Bank & Trust property is located approximately two miles northeast of the John A. Logan College which is part of the Illinois Community College System with approximately 7,500 students. There are over 26,000 people living within a five mile radius of the property.
There are approximately six years remaining on the net lease which expires in October 2022. The lease features annual rental escalations and zero landlord responsibilities. The bank was first chartered in 1865 and has since grown into a more than $2 billion community-focused organization that provides financial services through a network of 46 banking centers in 33 Illinois communities. First Mid-Illinois Bank & Trust is a publicly traded company (NASDAQ: FMBH).