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PNC Ground Lease w/ Escalations Pad to TJX HG 7351 Lemont Rd 3,200 SF Retail Building Downers Grove, IL 60516 $3,400,000 ($1,062.50/SF) 5.35% Cap Rate
Investment Highlights
- 90+ Million in deposits
- Four drive thru lanes and Option exercised early
- Pad to TJ Maxx, HomeGoods, Shop & Save Market , Old Navy, and Best Buy with Panera Bread and Burger King
- Wealthy Community in Chicago
- 45k vehicles per day on the intersection of 75th St and Lamont
- Kohl’s and Ross Dress for Less are across the intersection
Executive Summary
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$182,000
|
$56.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$182,000
|
$56.88
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $182,000 |
| Annual Per SF | $56.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $182,000 |
| Annual Per SF | $56.88 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
PNC Bank is the primary banking subsidiary of The PNC Financial Services Group, a U.S.-based financial services organization with roots dating back to 1845. The institution originated from the Pittsburgh Trust and Savings Company, founded in Pennsylvania during the mid-19th century, and later evolved through a series of mergers culminating in the formation of PNC Financial Services Group in 1983. PNC Bank provides a broad range of banking and financial services to individuals, businesses, and institutional clients across the United States. The bank operates within diversified business segments that include retail banking, corporate and institutional banking, and asset management. Its service offerings encompass deposit products, lending solutions, treasury management, capital markets services, and wealth management. Over time, PNC has expanded its geographic footprint and capabilities through acquisitions, including National City Corporation in 2008, RBC Bank USA in 2011, and BBVA USA in 2021, which significantly extended its national presence. PNC Bank functions as a regulated national bank and is part of a publicly traded holding company listed on the New York Stock Exchange under the ticker symbol PNC. The organization’s headquarters and primary executive operations are based in downtown Pittsburgh, Pennsylvania.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-110-004 | Improvements Assessment | $92,350 |
| Land Assessment | $143,830 | Total Assessment | $236,180 |
Property Taxes
Presented by
PNC Ground Lease w/ Escalations Pad to TJX HG | 7351 Lemont Rd
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