251 E Maple St, New Lenox, IL 60451

SRS National Net Lease Group is pleased to present the opportunity to acquire the leased fee interest (land ownership) in a NN+ (near-absolute NNN), freestanding, corporate guaranteed (NYSE: BAC), investment grade (S&P: A-) Bank of America branch property located in New Lenox, Illinois, part of the Chicago Metropolitan Statistical Area (MSA). The tenant, Bank of America, N.A., has approximately five (5) years remaining on the current lease term with four (4), five-year options to extend, reflecting the bank’s long-term commitment to the location. The lease is NN+ with the landlord responsible only for 80% of structural and capital improvements, offering near-passive income with limited management obligations. The property underwent a complete interior renovation in 2021, aligning with Bank of America’s modern branch design and enhancing long-term viability.

This freestanding pad site sits adjacent to the New Lenox Metra Station, a major commuter hub providing 25+ daily train departures and offering 1,000 parking spaces for commuters across the Chicago MSA. The site is also directly next to the new Lincoln Station Row homes, a 220-unit apartment complex that was recently completed. The site offers a stable and necessity-based asset class, with Bank of America operating over 3,800 branches nationwide, making it the 2nd largest financial institution in the U.S. and a Fortune 25 company. The bank’s strong balance sheet, high credit rating, and long operational history at this site enhance the attractiveness of this passive, long-term investment. The subject property benefits from cross-shopping synergy with nearby retailers including Walmart Supercenter, CVS, Chase Bank, BMO Harris Bank, and Dunkin’ Donuts, and is situated within the Rock Island Station Shopping Center, providing consistent foot traffic and commercial activity. New Lenox is a desirable and affluent southwest Chicago suburb boasting average household incomes of $131,025+ within 3 miles and a remarkably high homeownership rate of 88.9%, indicating long-term residential stability and a robust consumer base.