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US Bank | Cicero (Chicago), IL
Retail | 8.77% CAP | 3,055 SF
Listing Contacts
See All (3)
License: NY 10401294940
License: NY 10401305401
Active
Asking Price: $2,850,000
Address
4765 W Cermak Rd, Chicago, IL 60804
Show on MapDate Added
Jul 14, 2023
Days on Market
613 days
Time Since Last Update
47 days
Details
Property TypeRetail
SubtypeBank
Investment TypeNet Lease
Investment Sub TypeNNN
Lease TypeAbsolute NNN
Tenant CreditCredit Rated
TenancySingle
Brand/TenantUS Bank
Lease Term22 years
Lease Commencement09/01/2005
Lease Expiration09/01/2027
Remaining Term2.5 years
Square Footage3,055
Net Rentable (sq ft)3,055
Price/Sq Ft$932.90
Cap Rate8.77%
Occupancy100%
NOI$250,000
Units1
Year Built2005
Year Renovated2021
Buildings1
Stories1
Lot Size (acres)0.57
Rent Bumps10% in options
Lease Optionsfour, 5-year
OwnershipFee Simple
Marketing Description
SAB Capital is pleased to present US Bank in Cicero, IL, located 6 miles west of the Chicago Loop. The lease features an absolute triple net (NNN) structure with zero landlord responsibilities. US Bank is a leading financial institution in the U.S. boasting over 3,000 bank branches and a A+ credit rating from Standard & Poors. The property is located in a dense urban area, within the Chicagoland market, containing over 320,000 residents within 3 miles.
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US Bank in Cicero, IL | Chicagoland Location
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Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
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High Credit, Experienced Operator | US Bank (S&P: A+) is the 7th Largest Bank in the U.S
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Strong Urban Location | Over 323,000 Residents in 3 Mile Radius
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Proven Long Term Location | US Bank Has Operated Here Since 2005
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Tenant Recently Resurfaced Parking Lot & Added Extra Drive-Thru Lane Showing Commitment to Site
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Strong Hedge Against Inflation | 10% Rent Escalation in Option Period
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Close Proximity to Interstate Highway | Under 1.5 Miles From I-290
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National Retailers Located Nearby | Chipotle, Aldi, Walgreens, and Many More
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,000.00
$20,833.33/mo
Valuation Metrics
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0
DSCR
8.77%
Cap Rate
8.77%
ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: NY 10401294940
- License: NY 10401305401
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