13458 Cicero Ave - Bank FOR SALE


Crestwood, IL 60445
$3,993,000 USD
847-562-0003
13458 Cicero Ave, Crestwood, IL for Sale
$3,993,000 USD
Bank - FOR SALE
1/9
null | 4.5% Cap Rate

13458 Cicero Ave
Crestwood, IL 60445


HIGHLIGHTS

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • JP Morgan Chase Bank is an investment grade rate company (S&P: A+)
  • Chase Bank has been operating at this location since 2006 and signed a 30-year lease which demonstrates commitment to the site
  • Triple net ground lease presents zero landlord responsibilities
  • 10% rental escalations every five years
  • Deposits at this location were $153,510,000 in 2024.

OVERVIEW

EXECUTIVE SUMMARY The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Chase Bank property located in the Chicago MSA in Crestwood, Illinois. Chase Bank has been operating at this location since 2006 which demonstrates commitment to the site and there are over 11 years remaining on the primary lease term. The triple net ground lease presents zero landlord responsibilities and features 10% rental escalations every ?ve years. Deposits at this location in 2024 were $153,510,000. JP Morgan Chase is an investment grade rated tenant with a Standard & Poor’s rating of A+. The 3,974 square foot building is strategically located at the hard corner of Cicero Avenue (44,200 VPD) and 135th Street (18,200 VPD). The area a dense retail corridor the hosts tenants such as Target, Kohl’s, Menard’s, AMC Theaters, Walgreens, ALDI, Dollar Tree, Of?ceMax, Burlington, Bath & Body Works, and many more. Restaurants in the area include Chick-Fil-A, Applebee’s, WingStop, Chipotle, Wendy’s, and Culver’s. The property is also within proximity to Interstate 294 (104,700 VPD) which is a primary thoroughfare for the Chicagoland area. There are 277,817 people living within ?ve miles of the property earning an average annual household income of $87,527. JPMorgan Chase & Co. is an American multinational investment bank and ?nancial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the sixth largest bank in the world by total assets, with total assets of $2.687 trillion. It is also the world’s most valuable bank by market capitalization. JPMorgan Chase is incorporated in Delaware.

FOR SALE DETAILS

PRICE

$3,993,000 USD

PRICE/SF

$1,005 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

24-33-403-036-0000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.