- For Sale $8,000,000
- Property Type Retail - Street Retail
- Property Size 18,063 SF
- Lot Size 1.15 Acre
- Property Tenancy Single Tenant
- Date Updated Jan 14, 2026
Description
Long-term tenant - Since 1991 - with a 10-year lease starting 2025
5.25% cap rate - current year; current term ends 03/31/2025
2% annual increase on rent
4-5 year renewals left
Strong Guarantee - leased to a national credit tenant Moody's - Baa1 - stable; 3rd largest bank holding company in U.S. - 2 Trillion in total assets
On-site parking
Double corner location (see map)Long-term tenant - since 1991 - with a 10-year lease starting 2025
5.25% cap rate - current year; current term ends 03/31/2025
2% annual increase on rent
4-5 year renewals left
Strong Guarantee - leased to a national credit tenant Moody's - Baa1 - stable; 3rd largest bank holding company in US - 2 Trillion in total assets
On-site parking
Double corner location (see map)
Highlights
- 2% annual increase on rent plus (2) 5 year renewal options - starting in 2035
- 5.7% cap rate (current year); grows to 6.7%
- Double corner location with separate drive-thru parcel (see aerial)
- Excellent parking; landmark building designed by student of Frank Lloyd Wright
- Long-term tenant since 1991 - just renewed with an unusually long lease term: 10 years - through 2034!
- Offering Memorandum available - contact broker
- Strong guarantee - leased to a national credit tenant - 3rd largest bank holding company in US with $2+ trillion in assets; Moody's - Aa3 - stable
- Within walking distance of Metra Brookfield and Congress Park stations
False
Contacts
Paul P. Partyka, CCIM, MiCP, CIPS
NAI Realvest
Location
Contact Listing Broker
Paul P. Partyka, CCIM, MiCP, CIPS
NAI Realvest
