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Chase Bank (Ground Lease)

$5,958,333

85 Yorktown Shopping Center, Lombard, IL 60148

Active
Last Updated: 09/08/2022

6

Cap Rate

357,500

NOI

Details:
Cap Rate:    6%
NOI:    $357,500
Building Size:    4,195 sqft
Lot Area:    0.92 acres
Lease Type:    Ground
Year Built:    2012
Zoning:    B3
Tenancy:    Single
Lease Expire Year:    05/31/2032
Highlights:
  • Long-term ground lease with over 11 years remaining
  • Ideal investment for a 1031 exchange investor seeking a higher return but stable income stream
  • Chase Bank is an investment grade rated company (S&P: A+)
  • 10% rental increases in June 2022 and June 2027; asking cap rate becomes 6.60% in 2022
  • Zero landlord responsibilities
  • JPMorgan Chase is the largest financial institution in the United States and the sixth largest in the world
  • Positioned at a signalized entrance to the Yorktown Center, a 1.5 million SF regional mall
  • Located along the heavily trafficked Butterfield Road (47K VPD) with close proximity and access to Interstate 88 (131K VPD)
  • Affluent surrounding area with average annual household incomes in excess of $133K within five miles
  • Surrounded by numerous hotels (Embassy Suites, The Westin, Hyatt Place, etc.) and numerous large office buildings
  • Over 265K people living within five miles
Description:

Chase Bank (Ground Lease | Dark) with long-term ground lease located within the Chicago MSA.

Map:
Documents:
Title
OM_-_Dark_Chase_Bank_-_Lombard__IL__Blue_West_Capital_.pdf
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