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Bank

Citibank | Absolute NNN Lease

3535 N Central Ave, Chicago, IL 60634

Listing Price: $2,400,000

Cap Rate
5.75%
Tenant Name
Citibank
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
4,350
Lease Type
Absolute Net
Rent Per Square Feet
$31.69

Investment Overview

The subject property is an absolute NNN leased Citibank located in Chicago, Illinois. The property is located in a densely populated, infill location with over 400,000 people within a 3-mile radius.

Investment Highlights

  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Tenant recently extended lease – showing commitment to location
  • Investment Grade Tenant (NYSE: C; S&P: A+)
  • Over $200M in Branch Deposits
  • Annual Rent increases through 2031

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Bank

Citibank | Absolute NNN Lease

Listing Price: $2,400,000

Cap Rate
5.75%
Tenant Name
Citibank
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
4,350
Lease Type
Absolute Net
Rent Per Square Feet
$31.69

Investment Highlights

  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Tenant recently extended lease – showing commitment to location
  • Investment Grade Tenant (NYSE: C; S&P: A+)
  • Over $200M in Branch Deposits
  • Annual Rent increases through 2031

Investment Overview

The subject property is an absolute NNN leased Citibank located in Chicago, Illinois. The property is located in a densely populated, infill location with over 400,000 people within a 3-mile radius.

Exclusively Listed By

  • Rich Merryman

    Executive Managing Director Investments

    (415) 625-2126

    Email Rich

    License(s): CA: 00934296

    San Francisco

  • Bill Schofield

    Senior Managing Director Investments

    (415) 625-2136

    Email Bill

    License(s): CA: 01239109

    San Francisco

  • Ryan Wilmer

    Senior Managing Director Investments

    (415) 625-2162

    Email Ryan

    License(s): CA: 01815949, NV: S.0201770

    San Francisco

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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