251 E Maple St - Bank FOR SALE


New Lenox, IL 60451
$5,704,000 USD
949-506-2012
251 E Maple St, New Lenox, IL for Sale
$5,704,000 USD
Bank - FOR SALE
1/10
null | 6.25% Cap Rate

251 E Maple St
New Lenox, IL 60451


HIGHLIGHTS

  • Corporately Guaranteed | Recently Exercised Option
  • Strategic Location Adjacent to Commuter Rail | High Daily Traffic | Regional Connectivity
  • Located Along Growing Retail Corridor | Strong Tenant Growth
  • Exceptional Retail Synergy | National Co-Tenants | High Visibility
  • Recently Renovated Interior | Modern Tenant Investment
  • Proximity to Silver Cross Hospital and the New Lenox Crossroads Sports Complex Development

OVERVIEW

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a NN+ (near-absolute NNN), freestanding, corporate guaranteed (NYSE: BAC), investment grade (S&P: A-) Bank of America branch property located in New Lenox, Illinois, part of the Chicago Metropolitan Statistical Area (MSA). The tenant, Bank of America, N.A., has approximately five (5) years remaining on the current lease term with four (4), five-year options to extend, reflecting the bank’s long-term commitment to the location. The lease is NN+ with the landlord responsible only for 80% of structural and capital improvements, offering near-passive income with limited management obligations. The property underwent a complete interior renovation in 2021, aligning with Bank of America’s modern branch design and enhancing long-term viability.

FOR SALE DETAILS

PRICE

$5,704,000 USD

PRICE/SF

$988 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America | Recent Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

CROSS STREETS

Prairie Rd

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

C1

APN/PARCEL ID

15-08-15-312-025

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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