Bank of America

3210 IL Route 60 | Mundelein, IL

Main
ASKING PRICE $3,509,000
CAP RATE 5.0%
CURRENT RENT $175,449.96
INTEREST Fee Simple Ground Lease
REMAINING LEASE TERM 9 Years
BUILDING SIZE 4,602 SF
LAND SIZE 46,217 SF (1.06 Acres)
METROPOLITAN AREA Chicago
INVESTMENT HIGHLIGHTS
  • Bank of America Ground Lease | $144B Market Cap | BBB+ Credit (S&P)
  • Long Term Absolute Net Ground Lease | No Landlord Responsibilities
  • 10% Rent Increases Every Five Years | Five 5-Year Renewal Options
  • Located as an Outlot to the Dominant Retail Power Center in the Market
  • Average Household Income Greater Than $120,000 within a 5-Mile Radius
  • Strong Branch Deposits | $45MM Plus
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The Transwestern National Net Lease | Sale-Leaseback team has a combined 28 years of experience. The team has completed more than $500 million in net-lease sales in more than 150 transactions. The team covers markets in all 50 states and has experience in the sale of single assets and portfolio assets valued between $1 million and $50 million.

If you are an owner who is considering selling your Property, please contact our team for a complimentary market and property analysis.

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Marc Imrem
312.881.7066
marc.imrem@transwestern.com

Andrew Watson
312.881.7065
andrew.watson@transwestern.com

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