16767 Torrence Ave
Lansing, IL 60438
Chase Bank · Retail Property For Sale

Chase Bank NNN Ground Lease | 13.5 Years Remaining The subject property is a 4,214-square foot Chase Bank located in Lansing (Chicago MSA), Illinois. Chase Bank features over thirteen years remaining on a triple net ground lease with ten percent (10%) rental increases in January 2021 and at each of the four 5-year option periods. The site features a drive-thru with four ATMs. Deposits have been increasing year-over-year since opening and has increased 18% since prior year. Chase (NYSE: JPM), a publicly traded company with an investment grade credit rating of "A+" by Standard and Poor's, has a net worth in excess of $254.19 billion and annual revenue exceeding $90.31 billion. Located within a strong retail trade corridor along Torrence Avenue, the site features easy access and excellent visibility to daily traffic counts in excess of 30,200+ vehicles. Excellent signage coupled with being a pad site to large traffic drawers Ultra Foods and Burlington Coat Factory enhances this exposure. The site is centrally located one-half miles from River Oaks Mall, a 1.2M SF indoor shopping mall anchored by JCPenney and Macy's. The mall features over 140 variety stores including Bath & Body Works, Foot Locker, FYE, LensCrafters, rue21, The Children's Place, Victoria's Secret, and many more. The site is within the main retail trade corridor and in immediate proximity to numerous national major retailers including Walmart, The Home Depot, Jewel-Osco, OfficeMax, Best Buy, Bed Bath & Beyond, TJ Maxx, and many more. The site is surrounded by dense residential neighborhoods, apartment complexes, and near numerous amenities including parks, hotels, hospitals, and more. The site benefits from the close proximity to numerous schools within a five-mile radius including Illiana Christian High School, Memorial Jr High School, Thornton Fractional South High School, and many more.