2660 Us Highway 34 - Bank FOR SALE


Oswego, IL 60543
$4,230,088 USD
847-562-0003
2660 Us Highway 34, Oswego, IL for Sale
$4,230,088 USD
Bank - FOR SALE
1/20
null | 5.65% Cap Rate

2660 Us Highway 34
Oswego, IL 60543


HIGHLIGHTS

  • Average household income exceeds $129,000 with 5 miles
  • New 10-year lease extension through 2035
  • Positioned within the Chicago MSA (Kendall County)
  • Investment grade tenant – S&P: A-
  • Dense retail corridor with multiple shopping centers

OVERVIEW

This premier net lease investment opportunity features a single-tenant Fifth Third Bank property strategically positioned along US Highway 34 in Oswego, Illinois, within the dynamic Chicago MSA. Fifth Third Bank, an investment-grade tenant with an A- rating from Standard & Poor’s, has demonstrated long-term commitment to this location since 2008 and recently executed a new 10-year lease extension through 2035. The lease structure is a true NNN ground lease, eliminating landlord responsibilities and ensuring a passive income stream with 10% rental escalations every five years. The property benefits from exceptional visibility along a high-traffic corridor with 29,500 vehicles per day and is surrounded by major national retailers including Target, Walmart, Meijer, Kohl’s, The Home Depot, Best Buy, and DICK’S Sporting Goods. Additional co-tenancy includes popular dining and service brands such as Starbucks, Chick-fil-A, Chipotle, and Portillo’s, creating a vibrant retail environment that drives consistent consumer activity. Located minutes from Oswego High School and Oswego East High School, the site serves a growing suburban community with over 197,000 residents within a five-mile radius and an average household income exceeding $129,000. Oswego’s position within the Illinois Technology and Research Corridor further enhances its economic stability and growth potential. This offering represents a rare chance to acquire a secure, long-term income asset in a thriving market, backed by a nationally recognized financial institution with a robust operating history.

FOR SALE DETAILS

PRICE

$4,230,088 USD

PRICE/SF

$992 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,306 SF

ZONING

-

APN/PARCEL ID

03-10-177-006

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 Notice.