CBRE is pleased to present an exclusive listing for the Chase Bank located at 3950 Fountain Square Place in Waukegan Illinois. The site consists of 4,307 total square feet of building space and sits on ±1.36 acres of land. The site is subject to a 30-Year NNN Ground Lease with Chase Bank. The base rent is $243,213 and lease calls for 10% rental escalations every 5 years throughout the remaining 13 years and 3-Month term. The lease also features Four (4) Five-Year Renewal Option Periods.
The subject property benefits from being located in Fountain Square Shopping Center next to the Walmart Supercenter. It’s adjacent location to the American Place Casino which is open 24/7 is a major perk. The Casino includes a 5-star boutique hotel, live event venue, and multiple bars and restaurants. Other major tenants surrounding the subject property include: Aldi, AT&T, Bank of America, Baskin Robbins, Bowlero, Buffalo Wild Wings, Chili’s, Chipotle, Courtyard Marriott, Culver’s, Denny’s, Dollar Tree, Dunkin Donuts, Gamestop, Hampton Inn, Holiday Inn Express, Jersey Mike’s, Jimmy John’s, LA Fitness, Marshall’s, McDonald’s, MOD Pizza, Panda Express, Potbelly’s, Raising Cane’s, Sally Beauty, Sports Clips, Springhill Suites Marriott, Starbucks, Tires Plus, T-Mobile, Townplace Suites Marriott and Tropical Smoothie Cafe.