US Bank - Mt. Prospect, IL
About This Property for Sale
Marketing description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant U.S.
Bank National Association (the “Tenant”) at 940 E Rand Road, Mt. Prospect, IL (the “Property”).
The Property is strategically positioned just 20 miles from downtown Chicago within the
broader Chicago MSA, which has a population of 9.6 million.
The site benefits from its prime location along E Rand Road and E Central Road, which
generates approximately 40,000 vehicles per day. The asset enjoys a strategic out-lot position
adjacent to a Walmart Supercenter and the Mt. Prospect Plaza, an Aldi-anchored retail center
featuring nationally recognized tenants including Ross, LA Fitness, Marshalls, Burlington, and
Five Below. The neighboring Walmart Supercenter and Menards generate approximately 2.0
million and 1.1 million annual visitors, respectively.
U.S. Bancorp, founded in 1863 and headquartered in Minneapolis, Minnesota, is one of the
largest diversified financial services companies in the United States and serves as the parent
company of U.S. Bank. The Tenant maintains an investment-grade credit rating (S&P: A) and, as
of LTM June 2025, generated $25.6 billion in revenue and $6.9 billion in net income.
Positioned within Mt. Prospect's strong retail, hospitality, and residential corridor, the property
benefits from excellent demographics including 310,000 residents with an average household
income of $147,000 within a 5-mile radius. This absolute NNN ground lease U.S. Bank
investment opportunity offers a secure income stream backed by an investment grade Tenant
with over five decades of operational success and continued revenue growth.
Investment highlights
- Located near a highly trafficked Walmart and Mernards, which collectively attract over 3.1 million visitors annually
- Features an attractive absolute NNN ground lease structure with 11.6 years of remaining term
- Strong local demographics, with an average household income of $162,000 within a one-mile radius
- Benefits from a prime location along E. Rand Road and E. Central Road, with combined traffic counts of approximately 40,000 vehicles per day
- Enjoys a strategic outlot position adjacent to a Walmart Supercenter and Mt. Prospect Plaza, an Aldi-anchored retail center featuring national tenants such as Ross, LA Fitness, Marshalls, Burlington, and Five Below
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