PNC Bank
$2,430,000
15411 LaGrange Road, Orland Park, IL 60462
For Sale
Retail
Free Standing
Active
Last Updated: 04/24/2025
6
Cap Rate
146,000
NOI
Details:
Cap Rate: 6%
NOI: $146,000
Building Size: 3,875 sqft
Lot Area: 1.27 acres
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.
Documents:
| Title | ||
|---|---|---|
| PNC_OM.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
