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Bank

Chase Bank | Chicago MSA | Long Term NNN Ground Lease | Within a Strong Retail Corridor

16767 Torrence Ave, Lansing, IL 60438

Listing Price: $2,291,667

Cap Rate
6.00%
Tenant Name
Chase Bank
Years Remaining On Lease
9.6
Gross SF
4,214
Guarantor
Corporate Guarantee
Rentable SF
4,214
Price/Gross SF
$543.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.63

Investment Overview

Lansing is a village in Cook County, Illinois. The City is part of Chicagoland with a metropolitan population of over 9.6 million, and is 25 miles south of Downtown Chicago. Chicago-Naperville-Elgin is the third largest metro in the nation and is one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Fortune 500 companies headquartered in the metro include Boeing, Walgreens, Allstate and McDonald’s. The area is a major global tourist and convention destination. Last year, a record 55.2 million people visited the metro, supporting 146,500 jobs. Large tech firms such as Amazon, Groupon and Google attract startup companies. The workforce is considered one of the most diverse and well trained among major U.S. metros.

Investment Highlights

  • Chase (NYSE: JPM) features an S&P Investment Grade Credit Rating of "A+," and a Net Worth in excess of $254.19 Billion. Ranked #17 on the Fortune 500 List.
  • Densely Populated Area: Optimal Demographics Featuring more than 248k People Residing within a 5-Mile Radius.
  • Near River Oaks Center - A 1.2M Sq.Ft. Premier Shopping Center Featuring more than 125 Stores and Serving Residents of Southern Suburbs of Chicago and Northwest Indiana.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, ALDI, Sam's Club and many more.
  • Long Term NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Deposits Have Increased Year-Over Year Since Opening - Feat. Dr-Thru with Four ATM's.
  • Positioned Along Area's Major Retail & Traffic Corridor - Easy Access & Excellent Visibility (Signage Enhances this Exposure) w/ Daily Traffic Counts Exceeding 28k Vehicles. Near I-80/I-94 (137k+ VPD)

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Bank

Chase Bank | Chicago MSA | Long Term NNN Ground Lease | Within a Strong Retail Corridor

Listing Price: $2,291,667

Cap Rate
6.00%
Tenant Name
Chase Bank
Years Remaining On Lease
9.6
Gross SF
4,214
Guarantor
Corporate Guarantee
Rentable SF
4,214
Price/Gross SF
$543.82
Lease Type
NNN Ground Lease
Rent Per Square Feet
$32.63

Investment Highlights

  • Chase (NYSE: JPM) features an S&P Investment Grade Credit Rating of "A+," and a Net Worth in excess of $254.19 Billion. Ranked #17 on the Fortune 500 List.
  • Densely Populated Area: Optimal Demographics Featuring more than 248k People Residing within a 5-Mile Radius.
  • Near River Oaks Center - A 1.2M Sq.Ft. Premier Shopping Center Featuring more than 125 Stores and Serving Residents of Southern Suburbs of Chicago and Northwest Indiana.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, ALDI, Sam's Club and many more.
  • Long Term NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Deposits Have Increased Year-Over Year Since Opening - Feat. Dr-Thru with Four ATM's.
  • Positioned Along Area's Major Retail & Traffic Corridor - Easy Access & Excellent Visibility (Signage Enhances this Exposure) w/ Daily Traffic Counts Exceeding 28k Vehicles. Near I-80/I-94 (137k+ VPD)

Investment Overview

Lansing is a village in Cook County, Illinois. The City is part of Chicagoland with a metropolitan population of over 9.6 million, and is 25 miles south of Downtown Chicago. Chicago-Naperville-Elgin is the third largest metro in the nation and is one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Fortune 500 companies headquartered in the metro include Boeing, Walgreens, Allstate and McDonald’s. The area is a major global tourist and convention destination. Last year, a record 55.2 million people visited the metro, supporting 146,500 jobs. Large tech firms such as Amazon, Groupon and Google attract startup companies. The workforce is considered one of the most diverse and well trained among major U.S. metros.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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