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11901 W 143rd Street - US Bank, Orland Park, IL

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11901 W 143rd Street - US Bank

Orland Park, IL 60467 - South Route 45 Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:1994
Building Size:4,200 SF Land Area:1.5 AC (65,340 SF)
For Sale Price:$2,931,000 Price/SF:$697.86
Cap Rate:7.35 %
Parking:Free Surface spaces are available
Features:Signage, Drive Thru

Sale Notes:
We are pleased to offer to qualified investors an opportunity to invest in single tenant investment that is 100% leased to US Bank on a corporate lease. This is a fee simple (ownership of land and building) lease that includes approximately 5 years remaining on an original 10 year lease. There are 4 - 5 Year option periods. The lease includes attractive 5% annual rental escalations, providing an investor with excellent inflation protection and rapid growth in NOI. Moreover, this particular bank brand boasts strong banking deposits (approximately $52 Million), representing an excellent performing bank for the region. The property is comprised of 4,200 square feet and is situated on a 1.5 acre lot. US Bank (NYSE: USB) is a public banking institution with over $420 Billion in net assets, over $45 Billion in Net Worth, and an investment grade rating of “A+” by Standard and Poors. There are more than 3,100 US banking locations and is headquartered in Minneapolis, MN; it has operated for over 150 years and is one of the strongest banking institutions in the world. It is the fifth largest bank in the US. This is a rare opportunity to buy a high performing bank branch on a large lot with excellent fundamentals backed by the firth
largest banking institution in the United States (Rated “A+ by S*P), rare 5.00% annual rental escalations, and minimal landlord obligations.

Colliers International
Eric Carlton
(949) 724-5561

John Sharpe
(949) 724-5546

Jereme Snyder
(949) 474-0707

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