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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, a subsidiary of The PNC Financial Services Group, operates from its national headquarters at The Tower at PNC Plaza, located at 300 Fifth Avenue in downtown Pittsburgh. Completed in 2015, the tower functions as the company’s principal administrative center and symbolizes PNC’s role as one of the largest diversified financial institutions in the United States. From this location, PNC directs operations across its extensive retail branch network, corporate banking divisions, institutional services, and asset management platforms. The Tower at PNC Plaza is recognized as one of the greenest high-rises built in the U.S., designed by Gensler to exceed LEED Platinum standards with features such as a solar chimney, double-skin façade, grey-water reuse systems, and sustainably sourced materials. Its 33-story structure accommodates numerous corporate departments across floors rather than listing individual suite numbers. PNC’s headquarters reflects the organization’s commitment to customer service, responsible banking practices, and community impact. As a coast-to-coast bank with a presence in all of the nation’s largest markets, PNC uses this flagship Pittsburgh location to coordinate strategic initiatives across retail, commercial, and institutional financial services.
| 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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