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PNC Bank

$2,430,000

15411 LaGrange Road, Orland Park, IL 60462

Active
Last Updated: 03/17/2025

6

Cap Rate

146,000

NOI

Details:
Cap Rate:    6%
NOI:    $146,000
Building Size:    3,875 sqft
Lot Area:    1.27 acres
Occupancy:    100%
Lease Type:    Ground
Year Built:    2002
Tenancy:    Single
Lease Expire Year:    9/30/2035
Highlights:
  • 11 YEAR GROUND LEASE | INVESTMENT GRADE TENANT
  • EXERCISED 10 YEAR OPTION | INVESTED IN NEW PARKING LOT
  • OUTLOT TO DOMINANT POWER CENTER | 4.8 MILLION VISITS PER YEAR | ADJACENT TO TROPHY GROCERS
  • RARE 10 YEAR OPTION PERIODS
  • AFFLUENT DEMOGRAPHIC PROFILE
Description:

The PNC Bank ground lease has 11 years of lease term remaining and provides for zero landlord responsibility. PNC Bank boasts an investment grade credit profile with an A rating from S&P and A2 from Moody’s providing investors with durable cash flow.

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Documents:
Title
PNC_OM.pdf
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