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Bank of America | Recent Extension 251 E Maple St 5,773 SF Retail Building New Lenox, IL 60451 $7,962,328 CAD ($1,379.24 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Corporately Guaranteed | Recently Exercised Option
Located Along Growing Retail Corridor | Strong Tenant Growth
Recently Renovated Interior | Modern Tenant Investment

Strategic Location Adjacent to Commuter Rail | High Daily Traffic | Regional Connectivity
Exceptional Retail Synergy | National Co-Tenants | High Visibility
Proximity to Silver Cross Hospital and the New Lenox Crossroads Sports Complex Development

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a NN+ (near-absolute NNN), freestanding, corporate guaranteed (NYSE: BAC), investment grade (S&P: A-) Bank of America branch property located in New Lenox, Illinois, part of the Chicago Metropolitan Statistical Area (MSA). The tenant, Bank of America, N.A., has approximately five (5) years remaining on the current lease term with four (4), five-year options to extend, reflecting the bank’s long-term commitment to the location. The lease is NN+ with the landlord responsible only for 80% of structural and capital improvements, offering near-passive income with limited management obligations. The property underwent a complete interior renovation in 2021, aligning with Bank of America’s modern branch design and enhancing long-term viability.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Bank

Building Size

5,773 SF

Building Class

Year Built/Renovated

2004/2021

Price

$7,962,328 CAD

Price Per SF

$1,379.24 CAD

Cap Rate

6.25%

NOI

$497,623 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

1.63 AC

Zoning

C1 - Commercial

Parking

52 Spaces (9.01 Spaces per 1,000 SF Leased)

Banking
Corner Lot

Dedicated Turn Lane
Freeway Visibility

Signage

Monument Signage

Finance and Insurance
99,999 SF
$9.99
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Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.