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Bank

PNC Ground Lease | $200M Deposits

2980 Showplace Dr, Naperville, IL 60564

Listing Price: $5,715,344

Cap Rate
6.00%
Tenant Name
PNC Bank
Years Remaining On Lease
3.6
Gross SF
4,300
Guarantor
Corporate Guarantee
Rentable SF
4,300
Price/Gross SF
$1,329.15
Lease Type
Ground Lease
Rent Per Square Feet
$79.75

Investment Overview

Marcus & Millichap is pleased to present a PNC Bank ground lease in Naperville, Illinois. This PNC location reported $208,007,000 in deposits in 2021, the highest at a PNC in Will County and the 11th highest of the 168 PNC branches in Illinois. It is conveniently situated on the "main-on-main" stoplight intersection of the submarket. The intersection of Showplace Drive and 95th Street sees nearly 63,000 vehicles passing per day. This property also offers 367 feet of frontage along 95th street and 203 feet of frontage along Showplace Drive. It is located on an irreplaceable 1.49 acre lot. There are no landlord responsibilities. Annual rent increases are in place until January 2026. Subject property is conveniently situated as a gateway to a retail and residential lifestyle community. Retail tenants in the community include ALDI, AMC Naperville 16, Houlihan's, Potbelly, Starbucks, Dave's Hot Chicken, Crumbl Cookies, Nothing Bundt Cakes, and many more. These retailers are encompassed by Tapestry Naperville Luxury Apartments, a community constructed in 2014 with 298 units and high end amenities. Two other major grocers, Amazon Fresh and Jewel-Osco, are in extremely close proximity. This property is also located down the street from Frontier Park Sports Complex, featuring playgrounds, a picnic area, basketball courts, softball diamonds, bocce ball, a skateboard facility, multipurpose fields, trails, a pond, and more. There are many schools in the area including Neuqua Valley High School, less than a mile away, with almost 3,500 students. There are attractive and affluent demographics with expected growth surrounding this property.

Investment Highlights

  • PNC Showplace Reported $208,007,000 in Deposits in 2021
  • Hard Corner Location on the "Main-on-Main" Stoplight Intersection of the Submarket
  • Ground Lease | No Landlord Responsibility
  • Annual Rent Increases Until January 2026
  • Conveniently Situated as a Gateway to a Retail and Residential Lifestyle Community
  • Down the Street from Frontier Park and Sports Complex
  • Attractive and Affluent Demographics with Expected Growth

Exclusively Listed By

Bank

PNC Ground Lease | $200M Deposits

Listing Price: $5,715,344

Cap Rate
6.00%
Tenant Name
PNC Bank
Years Remaining On Lease
3.6
Gross SF
4,300
Guarantor
Corporate Guarantee
Rentable SF
4,300
Price/Gross SF
$1,329.15
Lease Type
Ground Lease
Rent Per Square Feet
$79.75

Investment Highlights

  • PNC Showplace Reported $208,007,000 in Deposits in 2021
  • Hard Corner Location on the "Main-on-Main" Stoplight Intersection of the Submarket
  • Ground Lease | No Landlord Responsibility
  • Annual Rent Increases Until January 2026
  • Conveniently Situated as a Gateway to a Retail and Residential Lifestyle Community
  • Down the Street from Frontier Park and Sports Complex
  • Attractive and Affluent Demographics with Expected Growth

Investment Overview

Marcus & Millichap is pleased to present a PNC Bank ground lease in Naperville, Illinois. This PNC location reported $208,007,000 in deposits in 2021, the highest at a PNC in Will County and the 11th highest of the 168 PNC branches in Illinois. It is conveniently situated on the "main-on-main" stoplight intersection of the submarket. The intersection of Showplace Drive and 95th Street sees nearly 63,000 vehicles passing per day. This property also offers 367 feet of frontage along 95th street and 203 feet of frontage along Showplace Drive. It is located on an irreplaceable 1.49 acre lot. There are no landlord responsibilities. Annual rent increases are in place until January 2026. Subject property is conveniently situated as a gateway to a retail and residential lifestyle community. Retail tenants in the community include ALDI, AMC Naperville 16, Houlihan's, Potbelly, Starbucks, Dave's Hot Chicken, Crumbl Cookies, Nothing Bundt Cakes, and many more. These retailers are encompassed by Tapestry Naperville Luxury Apartments, a community constructed in 2014 with 298 units and high end amenities. Two other major grocers, Amazon Fresh and Jewel-Osco, are in extremely close proximity. This property is also located down the street from Frontier Park Sports Complex, featuring playgrounds, a picnic area, basketball courts, softball diamonds, bocce ball, a skateboard facility, multipurpose fields, trails, a pond, and more. There are many schools in the area including Neuqua Valley High School, less than a mile away, with almost 3,500 students. There are attractive and affluent demographics with expected growth surrounding this property.

Exclusively Listed By

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