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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 $4,647,970 CAD ($1,452.49 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
HMX Realty Advisors exclusively presents for sale a PNC Bank (S&P A-) ground lease located on .85 acres in one of the wealthiest communities in the Chicago MSA.
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.
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 |
$248,803
|
$77.75
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$248,803
|
$77.75
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $248,803 |
| Annual Per SF | $77.75 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $248,803 |
| Annual Per SF | $77.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,200 SF
Building Class
B
Year Built
1978
Price
$4,647,970 CAD
Price Per SF
$1,452.49 CAD
Cap Rate
5.35%
NOI
$248,666 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Zoning
C
Amenities
- Pylon Sign
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
PNC Bank has origins dating back to 1852 with the founding of Pittsburgh Trust and Savings Company. It became PNC Financial Corporation in 1983 through a merger. The company has since grown through various mergers and acquisitions. PNC Bank operates as a diversified financial institution offering services like retail banking, corporate banking, and wealth management. It serves millions of customers and has a significant presence in many U.S. markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-29-110-004 | Improvements Assessment | $126,461 CAD |
| Land Assessment | $196,956 CAD | Total Assessment | $323,418 CAD |
Property Taxes
Parcel Number
09-29-110-004
Land Assessment
$196,956 CAD
Improvements Assessment
$126,461 CAD
Total Assessment
$323,418 CAD
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PNC Ground Lease w/ Escalations Pad to TJX HG | 7351 Lemont Rd
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