Bank

PNC Bank Ground Lease

111 Quentin Rd, Lake Zurich, IL 60047

Listing Price: $6,285,700

Cap Rate
5.25%
Tenant Name
PNC Bank, National Association
Years Remaining On Lease
13.80
Guarantor
Corporate Guarantee
Rentable SF
3,315
Lease Type
NNN Ground Lease
Rent Per Square Feet
$99.55

Investment Overview

The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States with assets of $406 billion as of June 30, 2019. PNC has employees in more than 40 states across the country; regional presidents in 40 markets; a retail branch network located in markets across the Mid-Atlantic, Midwest and Southeast; and strategic international offices in four countries outside the U.S.

Investment Highlights

  • 14 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years
  • 133,783 Residents within a 5-Mile Radius in Growing Lake Zurich Trade Area - Chicago MSA
  • Outparcel to Mariano's Grocery Store
  • Signalized Hard Corner Location - Visible to 33,100+ Cars/Day at the Intersection of Main Street/Lake Zurich Road and North Quentin Road

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Listing Price: $6,285,700

Cap Rate
5.25%
Tenant Name
PNC Bank, National Association
Years Remaining On Lease
13.80
Guarantor
Corporate Guarantee
Rentable SF
3,315
Lease Type
NNN Ground Lease
Rent Per Square Feet
$99.55

Investment Highlights

  • 14 Years Remaining on Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years
  • 133,783 Residents within a 5-Mile Radius in Growing Lake Zurich Trade Area - Chicago MSA
  • Outparcel to Mariano's Grocery Store
  • Signalized Hard Corner Location - Visible to 33,100+ Cars/Day at the Intersection of Main Street/Lake Zurich Road and North Quentin Road

Investment Overview

The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States with assets of $406 billion as of June 30, 2019. PNC has employees in more than 40 states across the country; regional presidents in 40 markets; a retail branch network located in markets across the Mid-Atlantic, Midwest and Southeast; and strategic international offices in four countries outside the U.S.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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