US Bank - Mount Prospect, IL

940 East Rand Road, Mount Prospect, IL, 60056, US

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.

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.

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Attributes

Asking price

€2,851,000

Cap rate

5.25%

Lease type

Absolute Triple Net

Remaining lease term

12.4 years

Building area net

250 m²

Year built

1976

Land area gross

0.3 ha

Media

Investment Highlights

Located near a highly trafficked Walmart and Menards, which collectively attract over 3.1 million visitors annually.
Features an attractive absolute NNN ground lease structure with 12.4 years of remaining term.
Supported by strong local demographics, with an average household income of $162,000 within a one-mile radius.
Leased to an investment-grade tenant with a strong credit rating (S&P: A).
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.