7351 Lemont Rd - Bank FOR SALE


Downers Grove, IL 60516
$3,447,619 USD
917-741-1525
7351 Lemont Rd, Downers Grove, IL for Sale
$3,447,619 USD
Bank - FOR SALE
1/5
null | 5.25% Cap Rate

7351 Lemont Rd
Downers Grove, IL 60516


HIGHLIGHTS

  • Tenant exercised their option early and only has 1 option remaining
  • Pad site to TJ Maxx, HomeGoods, Shop & Save Market , Old Navy and Best Buy
  • Adjacent to Panera Bread and Burger King
  • Kohl’s and Ross Dress for Less are across the intersection
  • 45k vehicles per day on the intersection of 75th St and Lamont
  • 90+ Million in deposits

OVERVIEW

HMX Realty Advisors exclusively presents for sale a PNC Bank (S&P A-) ground lease located on .85 acres in one of the wealthiest communities in the Chicago MSA. The bank has high deposits exceeding $90 million, four drive through lanes and just exercised their second to last option early. The bank is a pad site to TJ Maxx, HomeGoods, Shop & Save Market, Old Navy and Best Buy. Other pad sites at the center include Panera Bread and Burger King. Kohl’s and Ross Dress for Less are across the intersection. It is located on Lemont Road which has average daily traffic of 21,000 vehicles. It is just off the corner of 75th Street which has traffic counts of 33,900 vehicles per day. It is in Downers Park Plaza which is a grocery anchored shopping center. Downers Grove offers an exceptional location within the world's 3rd largest metropolitan area, the Chicago MSA (9.5 million population), boasting a diversified economy with a $561 billion annual gross regional product and over 400 major corporate headquarters. This highly accessible community provides Convenient Chicago Access with a 25-minute train ride to downtown Chicago. The property is near Naperville, consistently ranked among the wealthiest, safest, and most educated cities in the Midwest and nation.

FOR SALE DETAILS

PRICE

$3,447,619 USD

PRICE/SF

$1,143 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PNC Bank Ground Lease, High Deposits, Chicago

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C

APN/PARCEL ID

09-29-110-004

ASK ABOUT THIS PROPERTY

Rob JamesHMX Realty AdvisorsMore Info
917-741-1525

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Rob JamesHMX Realty AdvisorsMore Info
917-741-1525

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