Bank

Fifth Third Bank

Listing Price: $9,740,800

Cap Rate
5.25%
Tenant Name
Fifth Third Bank
Years Remaining On Lease
11.30
Gross SF
8,100
Guarantor
Corporate Guarantee
Rentable SF
8,100
Price/Gross SF
$1,202.57
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.14

Investment Overview

he subject property is one mile down the road from Chicago Midway International Airport with over 22,000,000 annual passengers The subject property is surrounded by retail destinations such as Home Depot, Target, Sam's Club, Chick-Fil-A, McDonald's, Burger King, Starbucks, Chipotle, Walgreens, Speedway, Kohls, Ross Dress for Less, and many Others. The subject property is in a dense and affluent infill area of Chicago with a population of over 68,270 people living within a 3-Mile radius with an average household income of $88,336.

Investment Highlights

  • Fifth Third Bank has 12 years remaining in the base term of a NNN ground lease with four 5-year options with 15% increases every 5 years though the base term and the options.
  • Absolute NNN Ground Lease Fifth Third Bank located at 6422 W Archer Avenue, Chicago Illinois one parcel in from the hard corner of W Archer Avenue and S Narragansett Avenue with a combined traffic cou
  • Fifth Third Bank has a GLA of 8,100 SF and sits on a .77-acre lot.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Michael Kook

    Licensed Associate Real Estate Broker

    (212) 430-5169

    Email Michael

    License(s): NY: 10301216047, NY: 10491208242

    Manhattan

Financing By

Listing Price: $9,740,800

Cap Rate
5.25%
Tenant Name
Fifth Third Bank
Years Remaining On Lease
11.30
Gross SF
8,100
Guarantor
Corporate Guarantee
Rentable SF
8,100
Price/Gross SF
$1,202.57
Lease Type
NNN Ground Lease
Rent Per Square Feet
$63.14

Investment Highlights

  • Fifth Third Bank has 12 years remaining in the base term of a NNN ground lease with four 5-year options with 15% increases every 5 years though the base term and the options.
  • Absolute NNN Ground Lease Fifth Third Bank located at 6422 W Archer Avenue, Chicago Illinois one parcel in from the hard corner of W Archer Avenue and S Narragansett Avenue with a combined traffic cou
  • Fifth Third Bank has a GLA of 8,100 SF and sits on a .77-acre lot.

Investment Overview

he subject property is one mile down the road from Chicago Midway International Airport with over 22,000,000 annual passengers The subject property is surrounded by retail destinations such as Home Depot, Target, Sam's Club, Chick-Fil-A, McDonald's, Burger King, Starbucks, Chipotle, Walgreens, Speedway, Kohls, Ross Dress for Less, and many Others. The subject property is in a dense and affluent infill area of Chicago with a population of over 68,270 people living within a 3-Mile radius with an average household income of $88,336.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Michael Kook

    Licensed Associate Real Estate Broker

    (212) 430-5169

    Email Michael

    License(s): NY: 10301216047, NY: 10491208242

    Manhattan

Financing By

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