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28235239
28235240

2660 Walter Payton Memorial Hwy, Oswego, IL 60543

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group
$4,156,521
106 days on market
Updated 106 days ago

Fifth Third Bank

Details
Property Type Retail
Sub Type Bank
Square Footage 4,273
Cap Rate 5.75%
NOI $239,000
Occupancy 100%
Tenancy Single
Brand/Tenant Fifth Third Bank
Lease Type Absolute NNN
Lease Expiration 10/31/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options Four 5-year
Price per SqFt $973
Year Built 2008
Acreage 1.260
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease Yes

5.75% Cap Rate | Affluent Community | Shopping Center Outparcel

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Fifth Third Bank property positioned within the Chicago MSA in Oswego, Illinois. Fifth Third has successfully operated from this location since 2008 and recently signed (October 2025) a 10-year lease extension through 2035. This demonstrates long-term commitment to the site. The lease features 10% rental escalations throughout the primary term and four 5-year renewal options. Fifth Third Bank is an investment grade tenant with a “A-“ rating from Standard and Poor’s.

The 4,273 square-foot building is located along US Highway 34, a dense retail corridor that experiences 29,500 vehicles per day. The corridor features three major shopping centers anchored by Target, Walmart, Meijer, Kohl’s, The Home Depot, Best Buy, and DICK’S Sporting Goods. Other nationally recognized retailers in the immediate area include McDonald’s, Portillo’s, Raising Cane’s, Chipotle, Starbucks, Chick-fil-A, Five Below, ALDI, and many others. Additionally, the property is just minutes from both Oswego High School and Oswego East High School, which have a combined enrollment of more than 5,600 students. Over 197,000 people live within a five-mile radius, with an average household income exceeding $129,000.

Fifth Third Bank, headquartered in Cincinnati, Ohio, is a diversified financial services company with a rich history dating back to 1858. Originally founded as the Bank of the Ohio Valley, it evolved through mergers, notably the 1908 union of Fifth National Bank and Third National Bank, which gave the institution its distinctive name. Today, Fifth Third operates as a regional powerhouse, serving customers across 11 states with over 1,100 full-service banking centers and more than 2,000 ATMs. The bank provides a comprehensive suite of services, including consumer and business banking, wealth management, commercial lending, and payment processing, all underpinned by a commitment to innovation and customer-centric solutions.

Investment highlights

  • New 10-year lease extension through 2035

  • Positioned within the Chicago MSA (Kendall County)

  • Investment grade tenant – S&P: A-

  • Successful operating history since 2008

  • Ground lease – NNN – No landlord responsibilities

  • 10% rental escalations every five years

  • Located along US Highway 34 (29,500 VPD)

  • Dense retail corridor with multiple shopping centers (Target, Walmart, Meijer, Kohl’s, The Home Depot, Best Buy, DICK’S Sporting Goods, & many others)

  • Minutes from both Oswego High School and Oswego East High School (5,600 students combined)

  • 197,000+ people live within five miles of the property

  • Average household income exceeds $129,000 within five miles

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$239,000.00
$19,916.67/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Randy Blankstein
License
IL 471005983
Brokerage Phone
8475620003
Title
IL
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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