Fifth Third Bank
Net Lease
5231 S. Pulaski Rd, Chicago, Illinois
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
6,600 SF
Rent Increases:
10% Every 5 Years
Investment Highlights
- Investment Grade Credit: Fifth Third holds an investment grade credit rating of A-, providing a superior financial backing for an investor.
- Absolute NNN Lease: Long term, 15-year lease with zero landlord responsibilities and 10% rent bumps every 5 years providing completely passive ownership.
- High Traffick Retail Corridor: Pulaski Rd. (34,440 VPD) runs throughout the entire City of Chicago, providing strong traffic counts and visibility to the immediate area. Other retailers include Jewel-Osco, McDonald’s, Chipotle, and Walgreens, among others.
- Proximity to Major Transportation Hub: Located near Chicago’s Midway International Airport, which served approximately 21 million passengers in 2024.
- High CTA Ridership: The site benefits from being 1 block from the CTA “L” Pulaski station, which saw total entries of 942,000 riders in 2024, making it the Orange Line’s second highest ridership location.
- Excellent Highway Accessibility: Strategically located just 1.5 miles from Interstate 55, a major arterial route connecting the southwest suburbs to downtown Chicago, which sees approximately 190,000 vehicles per day—providing exceptional regional access and high visibility for commercial traffic.
- Recent Retrofit: Fifth Third took the building as-is and plans to renovate the property, ensuring the property is in excellent condition.
- Dense Chicago Demographics: Over 300,000 residents within a 3-mile radius support long-term demand and retail stability.
Ownership Type:
Fee Simple
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
6,600 SF
Rent Increases:
10% Every 5 Years
