Listed by Quantum Real Estate Advisors
$6,390,000
Fifth Third Bank | Lake Forest, IL
Details
APN 16-07-200-075, 16-07-200-077, 16-07-200-078
Property Type Retail
Sub Type Bank
Square Footage 12,046
Units 1
Cap Rate 5.00%
NOI $319,347
Tenancy Single
Brand/Tenant Fifth Third Bank
Lease Term 40
Lease Expiration 04/30/2043
Remaining Term 16.8
Rent Bumps Yes
Price per SqFt $530
Year Built 2002
Acreage 0.840
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 05/01/2003
Ground Lease No
Retail | 5.00% CAP | 12,046 SqFt
Investment highlights
- Ground leased to Fifth Third Bank (S&P: BBB+) with a corporate guarantee featuring zero landlord responsibilities. Tenant has more than 16.5 years remaining on the initial lease term with scheduled annual rental increases (CPI Escalator). The branch features a larger-than-average footprint compared to traditional bank locations, reinforcing its importance within the market. Annual deposits at this location exceed $113 Million per year
- Fifth Third Bank has operated at this location for over 23 years, demonstrating a strong and stable presence within the market. Fifth Third Bank saw continued growth in key areas in 2025, including 13% year-over-year growth in Wealth and Asset Management revenue driven by 16% growth in assets under management, and 8% growth in commercial payments revenue
- Situated in highly sought-after Lake County, known for its tax-friendly environment and ranking as the third-largest county in Chicago MSA (714,342 population). The property is directly adjacent to the Metra North Line, a commuter train to and from downtown Chicago
- The property is strategically positioned at the signalized intersection of Waukegan Rd. and Everett Road, benefiting from excellent visibility with a combined traffic count of over 22,142 vehicles per day
- The asset is located in Lake Forest, one of the wealthiest towns in America, with over 29,325 residents and an average household income of $213,600 within a 3-mile radius of the site
- Surrounded by tenants such as; Starbucks, Jimmy John's, Lou Malnati's, Sunset Foods, True Value, Fannie May Chocolate, Everett Farms, and more
Listing Contacts
Listed by Quantum Real Estate Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$319,347.00
$26,612.25/mo
Valuation Metrics
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DSCR
5%
Cap Rate
5%
ROI
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Zoning
B1 CommercialNeighborhood CommercialNeighborhood Business
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View all 88 uses Last updated Mar 17, 2026 For deeper zoning details, reports are available at Zoneomics
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