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33254379
33254378

401 DEERFIELD PKWY, BUFFALO GROVE, IL 60089-7048

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
JF
IL 475154756
The Boulder Group
Listed by The Boulder Group
$2,812,324
3 days on market
Updated 3 days ago

Huntington Bank

Details
APN 1528417001
Property Type Retail
Sub Type Bank
Square Footage 4,680
Units 1
Cap Rate 6.85%
NOI $192,644
Tenancy Single
Lease Type NNN
Lease Expiration 07/31/2031
Remaining Term 5.2
Rent Bumps Yes
Lease Options Two 5-year
Year Built 1995
Acreage 2.500
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 07/15/2011
Ground Lease No

6.85% Cap Rate | Affluent Suburb | NNN

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Huntington Bank property positioned within the Chicago MSA in Buffalo Grove, Illinois. Buffalo Grove was ranked #1 city in the state of Illinois and #15 nationally in U.S. News & World Report’s 250 Best Places to Live. Huntington Bank has exercised multiple renewal options, including most recently in December 2025, illustrating their commitment to this location. Each remaining renewal option contains rental escalations of the greater of 10% or the cumulative CPI, providing an investor with the potential for above market increases. Huntington Bank is an investment grade rated company (S&P: BBB+).

The 4,680 square-foot property is situated on a signalized hard corner along Deerfield Road and Weiland Road, which experience a combined traffic count of over 33,700 vehicles per day. The site is advantageously located in Lake County (not Cook County) within Buffalo Grove. The property is adjacent to a major industrial corridor anchored by Rivian, Siemens, Tesla, Nemera, Kubota, Klein Tools, Sysmex America, and Leider Greenhouses, among others, which drives significant daytime population and traffic to the surrounding area. Additionally, the property is walkable to the Buffalo Grove Metra Station along the North Central Service line, providing direct rail access to downtown Chicago. The property benefits from an affluent and densely populated trade area, with over 207,000 people living within a five-mile radius and an average household income exceeding $204,000 within one mile of the property.

Huntington Bancshares Incorporated is a $285 billion asset regional bank holding company headquartered in Columbus, Ohio. Founded in January 1866 as P. W. Huntington & Company, the firm has grown into one of the largest regional banks in the United States, with its primary subsidiary, The Huntington National Bank, operating more than 1,000 banking offices across the Midwest and beyond, including locations in Ohio, Michigan, Minnesota, Pennsylvania, Indiana, Illinois, Colorado, West Virginia, Wisconsin, Kentucky, and the Carolinas. Huntington and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services.

Investment highlights

  • Top-ranked community — Buffalo Grove was ranked #1 city in the state of Illinois and #15 nationally in U.S. News & World Report’s 250 Best Places to Live (Link to Article)
  • Positioned within the Chicago MSA – Ranked #3 in the United States for population size
  • Investment-grade rated – Standard & Poor’s: BBB+
  • NNN lease
  • Strong escalations in each remaining option period - greater of 10% or the cumulative CPI
  • Huntington Bank has exercised multiple renewal options, including most recently in
  • December 2025, illustrating their commitment to this location
  • Expansive 2.5-acre parcel with 5 drive-thru lanes
  • Favorable Lake County location (NOT Cook County)
  • Signalized hard corner along Deerfield Road & Weiland Road (33,700+ VPD combined)
  • Affluent demographics - $204,000+ average household income within 1 mile
  • Dense trade area — 207,000+ residents within a 5-mile radius
  • Adjacent to major industrial corridor — Rivian, Siemens, Tesla, Nemera, Kubota, Klein Tools, Sysmex America, Leider Greenhouses, and more
  • Walkable to Buffalo Grove Metra Station (North Central Service)

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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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$192,644.00
$16,053.67/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
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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