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2101 Orchard Road - Orchard Crossings & Blackberry Cree - Chase Bank, Montgomery, IL

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2101 Orchard Road - Orchard Crossings & Blackberry Cree - Chase Bank

Montgomery, IL 60538 - Western East/West Corr Submarket

(2.5 MB)

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2008
Building Size:4,200 SF Land Area:1.63 AC (71,003 SF)
For Sale Price:$4,250,000 Price/SF:$1,011.90
Cap Rate:4.56 %
Features:Signalized Intersection, Drive Thru

Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant Chase Bank ground lease located within the Chicago MSA. The property is located at a signalized intersection across the street from a Walmart Supercenter. This rare Chase Bank ground lease has over 20 years remaining and expires December 10, 2038. The ground lease features 10% rental escalations every five years throughout the primary term and renewal options periods. There are absolutely no landlord responsibilities. Chase Bank is an investment grade rated company (S&P: A) and is publicly traded on the New York Stock Exchange (JPM) with a market capitalization in excess of $243 million.

The 1.63 acre Chase Bank property is strategically located at the signalized intersection of Orchard Road and Caterpillar Drive. Orchard Road is a primary north-south thoroughfare in the trade area and experiences traffic counts in excess of 25,000 vehicles per day. The Chase Bank is benefitted by a Walmart Supercenter which is located across the street. Additional retailers located in the immediate trade area include Walgreens, Aldi, Fifth Third Bank, BMO Harris Bank, Starbucks and Firestone. Further contributing to the strength of the immediate area is the presence of a large Caterpillar manufacturing plant. The surrounding area is affluent with over 53,000 people living within a three mile radius earning average annual household incomes in excess of $95,000.

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500

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