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31692070
31692071

3250 Kirchoff Rd, Rolling Meadows, IL 60008

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$2,240,564
50 days on market
Updated 45 days ago

Alero Financial Credit Union

Details
Property Type Retail
Sub Type Bank
Square Footage 3,598
Cap Rate 5.5%
NOI $123,231
Occupancy 100%
Tenancy Single
Brand/Tenant Alero Financial
Lease Type Absolute NNN
Lease Expiration 06/14/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Two 5-year
Price per SqFt $623
Year Built 2010
Acreage 0.800
Investment Type Net Lease

5.50% Cap Rate | NNN | Grocery Outparcel

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Alero Financial property located within the Chicago MSA in Rolling Meadows, Illinois. Alero Financial recently executed a new 10-year lease commencing in May 2026 (estimated). The lease is absolute triple net with zero landlord responsibilities and includes a 10% rental escalation in year six along with 3% annual escalations throughout the two 5-year renewal options. The property is fee simple, offering an investor depreciation benefits not common with most banks.

The 3,598 square-foot property is situated as an outparcel within Rolling Meadows Shopping Center, co-tenanted by Jewel-Osco, McDonald’s, Endeavor Health, Pizza Hut, Anytime Fitness, Dollar Tree, WingStop, and Starbucks. The site benefits from visibility and access along Kirchoff Road, which carries over 11,000 vehicles per day, with additional regional connectivity provided by I-290 (186,000 VPD) and I-90 (148,000 VPD). The surrounding trade area supports a robust population base of over 283,000 residents within a five-mile radius, complemented by affluent demographics with average household incomes exceeding $148,000 within three miles. The property is further supported by a strong concentration of demand drivers in the immediate area, including Rolling Meadows High School (2,000 students), Harper College (22,000 students), Endeavor Health Northwest Community Hospital (489 beds), Woodfield Mall, and Arlington Park, the proposed site of the new Chicago Bears stadium.

Alero Financial is a not-for-profit, member-owned credit union established in 1939 as Automatic Credit Union by 15 employees of Automatic Electric Co. in Chicago. Headquartered in Elgin, Illinois, it has grown through several name changes, including GTE Employees Federal Credit Union and Corporate America Family Credit Union (CAFCU)—into a forward-thinking financial cooperative. Following its strategic merger with North Bay Credit Union (effective March 1, 2026) and transition to a full community charter, the organization officially rebranded as Alero Financial on April 2, 2026. The name “Alero” evokes momentum, partnership, support, and forward progress while remaining rooted in cooperative values. With approximately 15 branches serving members across five states in the Midwest and Northern California, Alero Financial provides checking, savings, lending, digital banking, and personalized financial solutions designed to help individuals, families, and businesses thrive through accessible services, responsible lending, and a deep commitment to community and member well-being.

Investment highlights

  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • New 10-year lease commencing in May 2026
  • Absolute NNN – No landlord responsibilities
  • Fee simple - offering an investor depreciation benefits not common with most banks
  • Rental escalations throughout the primary term and options
  • Outparcel in Rolling Meadows Shopping Center (Jewel-Osco, McDonald’s, Endeavor Health, Pizza Hut, Anytime Fitness, Dollar Tree, WingStop, Starbucks)
  • Visibility and access along Kirchoff Road (11,000+ VPD) with proximity to I-290 (186,000 VPD) and I-90 (148,000 VPD)
  • 283,000+ residents within a five-mile radius
  • Affluent demographics - $148,000+ average household income within three miles
  • Surrounded by major demand drivers: Rolling Meadows High School (2,000 Students), Harper College (22,000 Students), Endeavor Health Northwest Community Hospital (489 Beds), Woodfield Mall, and Arlington Park (Proposed Chicago Bears Stadium)

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$123,231.00
$10,269.25/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
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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