3 Diversatech Drive Manteno, IL 60950

Listing agency Marcus & Millichap - Chicago Downtown g***@midamericagrp.com Show Phone

Listed by John Abuja CCIM, SIOR · License #IL 471.007675

Source Crexi

Added: Apr 10 Updated: Jul 21 at 8:37PM Checked: Jul 21 at 8:37PM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents a five-bank branch sale-leaseback portfolio with Homestar Bank and Financial Services. The offering includes properties that will be leased to Homestar under a new 15-year lease at close of escrow, with 2% annual increases described in the transaction terms. The leases are Absolute in nature, with the tenant responsible for property tax, common area maintenance, roof, structure, and pavement. The portfolio is available as a group or individually.

The public remarks also note Homestar Bank is a family-owned institution founded in 1946 and operates four branch locations, with activity in Kankakee County.

For identification, the address provided in this listing is 3 Diversatech Drive, Manteno, IL 60950.

Key Highlights

• Five bank branch properties offered as a portfolio for sale.
• New 15‑year leaseback to Homestar Bank at closing of escrow.
• Lease provides 2% annual increases.

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FAQs

What type of property is this?

Bank - Portfolio of five bank branch properties offered for sale with a new 15-year leaseback to Homestar Bank.

Where is this bank located?

The property is located at 3 Diversatech Drive Manteno, IL.

What are key features of this property?

This property features: Five bank branch properties offered as a portfolio for sale.; New 15‑year leaseback to Homestar Bank at closing of escrow.; Lease provides 2% annual increases.