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Fifth Third Bank 2660 Us Highway 34 4,273 SF Retail Building Oswego, IL 60543 $4,230,088 ($989.96/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-year lease extension through 2035
- Investment grade tenant – S&P: A-
- Dense retail corridor with multiple shopping centers (Target, Walmart, Meijer, Kohl’s, The Home Depot, Best Buy, DICK’S Sporting Goods, & many others)
- Positioned within the Chicago MSA (Kendall County)
- Successful operating history since 2008
- Average household income exceeds $129,000 within five miles
EXECUTIVE SUMMARY
The 4,273 square-foot building is located along US Highway 34, a dense retail corridor that experiences 29,500 vehicles per day. The corridor features three major shopping centers anchored by Target, Walmart, Meijer, Kohl’s, The Home Depot, Best Buy, and DICK’S Sporting Goods. Other nationally recognized retailers in the immediate area include McDonald’s, Portillo’s, Raising Cane’s, Chipotle, Starbucks, Chick-fil-A, Five Below, ALDI, and many others. Additionally, the property is just minutes from both Oswego High School and Oswego East High School, which have a combined enrollment of more than 5,600 students. Over 197,000 people live within a five-mile radius, with an average household income exceeding $129,000.
Fifth Third Bank, headquartered in Cincinnati, Ohio, is a diversified financial services company with a rich history dating back to 1858. Originally founded as the Bank of the Ohio Valley, it evolved through mergers, notably the 1908 union of Fifth National Bank and Third National Bank, which gave the institution its distinctive name. Today, Fifth Third operates as a regional powerhouse, serving customers across 11 states with over 1,100 full-service banking centers and more than 2,000 ATMs. The bank provides a comprehensive suite of services, including consumer and business banking, wealth management, commercial lending, and payment processing, all underpinned by a commitment to innovation and customer-centric solutions.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- -
- Triple Net
- Oct 2035
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 | - | - | Triple Net | Oct 2035 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-10-177-006 | Improvements Assessment | $122,215 |
| Land Assessment | $272,250 | Total Assessment | $394,465 |
PROPERTY TAXES
Presented by
Fifth Third Bank | 2660 Us Highway 34
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