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Fifth Third Bank Absolute NNN Ground Lease 154 S Western Ave 3,833 SF Retail Building Carpentersville, IL 60110 $2,608,000 ($680.41/SF) 5.75% Cap Rate
Investment Highlights
- 9th largest bank in the United States w/Comerica merger
- Recent 10-year lease extension
- Massive redevelopment of Spring Hill Mall across the street
- Absolute NNN ground lease w/10% increases every 5 years
- Huge FDIC reported deposits - over $135 million at this location
- "A-" S&P Investment Grade Credit
Executive Summary
Property Facts
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- 3,833 SF
- $34.43
- Triple Net
- Dec 2036
The quality of life in their community is important to them. They work, play and raise families here. That’s why they have committed themselves to improving lives in all the markets they serve. At Fifth Third Bank, they pride themselves on their community involvement. In 1948, they became the first financial institution in the United States to establish a charitable foundation. Today, they continue to invest the time, resources, and people to help improve lives in the communities they serve. Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, they have been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Their list of firsts is extensive, and it’s one that continues to expand as they explore the intersection of tech-driven innovation, dedicated people, and focused community impact.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 3,833 SF | $34.43 | Triple Net | Dec 2036 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-22-176-061 | Improvements Assessment | $594,497 |
| Land Assessment | $153,538 | Total Assessment | $748,035 |
Property Taxes
Presented by
Fifth Third Bank Absolute NNN Ground Lease | 154 S Western Ave
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