Fifth Third Bank

2660 US-34, Oswego, IL
Deal Type:
Net Lease
Price:
$3,975,000
Cap Rate:
6.24%
Current Rent:
$248,050
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 8 years
Renewal Options:
Four, 5-year options
Building Sq. Ft.:
4,266
Rent Increases:
10% every 5 years
Site Size:
1.26 acres
  • Fifth Third Bank STREAM Capital Partners
  • Fifth Third Bank STREAM Capital Partners
  • Fifth Third Bank STREAM Capital Partners
  • Fifth Third Bank STREAM Capital Partners

Investment Highlights

  • Absolute NNN ground lease by Fifth Third Bank (S&P: A-) with $185 billion in assets
  • 10% rental increase every 5 years
  • 8 years primary term remaining, four 5-year options
  • Outlot to Prairie Market – Walmart, Hobby Lobby, Kohl’s, and Burlington anchored shopping center in the immediate area
  • Affluent suburban Chicago market – More than 65,000 residents with an average household income of $112,000 within 3 miles

Listing Agents

Graham Gold

Vice President
314 324 8792
graham@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
jordan@stream-cp.com

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