Fifth Third Bank

2660 US-34, Oswego, IL
Deal Type:
Net Lease
Price:
$3,816,000
Cap Rate:
7.15%
Current Rent:
$272,855
Lease Type:
Ground Lease
Renewal Options:
4, Five Year
Building Sq. Ft.:
4,266 SF
Rent Increases:
10% per Option
Site Size:
1.26 Acres

Investment Highlights

  • LEASE STRUCTURE: Absolute NNN Ground lease with 10% rent increases every 5 years providing ownership with a passive investment.
  • COMMITMENT: Fifth Third Bank has successfully operated at the site for 15+ years and has had solid deposit growth over the lease term.
  • CREDIT: Investment grade tenant in Fifth Third Bank (A-).
  • ESTABLISHED RETAIL MARKET: Outlot to Prairie Market – Walmart, Hobby Lobby, Kohl’s, and Burlington anchored shopping center. Additional nearby retailers include Meijer, Target, The Home Depot, Chipotle, Chick-fil-A and others.
  • DEMOGRAPHICS: Strong local demographics with average household income of approximately $126,000 within a one mile radius.
  • LOCATION: Situated along US-34, main arterial road which sees an approximate traffic count of 24,000 VPD.
  • GROWING DEPOSIT BASE: The branch has current deposits of over $62 million and the deposit base has grown 3x over the last 5 years.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Director
847 226 4133
[email protected]

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.







    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to [email protected].

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






      View All Listings