Brand New Construction U.S. Bank
Ground Lease | 2025 Construction | Target Shadow Anchor (Top 8% Nationwide)
Marketing description
This brand new 2025 construction ground-leased U.S. Bank features nearly 10 years of remaining term, 7.5 percent rent increases every five years, and a corporate guarantee from U.S. Bank National Association. The property is an outlot to Park St. Claire, a top performing shopping center ranked in the top 8 percent nationwide by visits (4 million annual visitors), which is anchored by a Target (top 8 percent nationwide, 2 million visitors) and Kohl's (top 16 percent nationwide, 504K visitors). It sits at the heavily traveled signalized intersection of Higgins Road and N Meacham Road, which sees 71,400 vehicles per day, with convenient access to Interstates 290 and 90. The site is located within the highly trafficked Woodfield retail corridor, less than a mile from Woodfield Mall and Streets of Woodfield, two of the most visited retail destinations in Illinois. The surrounding area is extremely dense and affluent, with 87,373 residents, 154,201 employees within three miles, and an average household income of $156,219 within one mile.
Investment highlights
- Brand New Ground Leased U.S. Bank with Nearly 10 Years of Term Remaining
- Corporately Guaranteed by U.S. Bank National Association
- Outlot to Park St. Claire, which Ranks in the Top 8 Percent of Shopping Centers Nationwide by Visits and attracts 4 Million Annual Visitors (Placer.ai)
- Located at the Signalized Intersection of Higgins Road and N Meacham Road, which Sees a Combined Traffic Volume of 71,400 Vehicles per Day
- 0.9 Miles from Woodfield Mall, which is the Largest and Most Visited Shopping Mall in Illinois
- Average Household Income of $156,219 within a Mile Radius
- 87,373 Residents and 154,201 Employees within a Three-Mile Radius
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