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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 $4,725,966 CAD ($1,476.86 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$252,978
|
$79.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$252,978
|
$79.06
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $252,978 |
| Annual Per SF | $79.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $252,978 |
| Annual Per SF | $79.06 |
| Net Operating Income (CAD) | |
|---|---|
| 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 offre une vaste gamme de services à tous ses clients, des particuliers et des petites entreprises aux sociétés et aux entités gouvernementales. Peu importe à quel point les besoins d'une personne sont simples ou compliqués, elle est sûre d'avoir les produits, les connaissances et les ressources nécessaires à la réussite financière. PNC Retail Bank répond aux besoins financiers de millions de particuliers, de familles et de petites entreprises, et favorise des relations bancaires à vie fondées sur des conseils d'experts et des solutions financières dans les domaines des dépôts, des paiements, des prêts personnels, des cartes de crédit, des conseils en patrimoine et du courtage. Grâce à leur réseau de succursales d'un océan à l'autre, qui comprend environ de nombreuses succursales, de nombreux guichets automatiques PNC et partenaires, des milliers de banquiers hautement qualifiés et bien informés, ainsi que des canaux bancaires téléphoniques, en ligne et mobiles, ils offrent à leurs clients les solutions dont ils ont besoin pour aller de l'avant financièrement.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Finance and Insurance | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-29-110-004 | Improvements Assessment | $126,960 CAD |
| Land Assessment | $197,733 CAD | Total Assessment | $324,693 CAD |
PROPERTY TAXES
Presented by
PNC Ground Lease w/ Escalations Pad to TJX HG | 7351 Lemont Rd
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