US Bank - Hubbard Street Group - Schaumburg, Illinois_Property for Sale
US Bank - Hubbard Street Group - Schaumburg, Illinois_Property for Sale

US Bank - Hubbard Street Group - Schaumburg, Illinois

1297 East Higgins Road, Schaumburg, IL, 60173, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the new construction, single-tenant U.S. Bank at 1297 E. Higgins Road in Schaumburg, IL (“Property”, “Asset”, or “US Bank”). The Property is operating on an absolute NNN ground lease with ±9.3 years of primary lease term remaining, 7.5% rent escalations every five years,and three, five-year renewal options. U.S. Bank National Association (S&P A+; stable), the primary operating subsidiary of U.S. Bancorp (NYSE: USB, S&P A; stable), is ranked the 6th largest bank in the U.S by total assets (2025). In FY 2025, U.S. Bankcorp generated approximately $28.7 billion in annual revenue and closed the year at over $692 billion in total assets. The Bank currently maintains a market capitalization of $97.4 billion.


This unique opportunity allows investors to acquire a newly constructed asset featuring long-term investment-grade tenancy and replaceable ground rent at an irreplaceable hard-corner intersection within the Woodfield Shopping District, one of the Midwest’s highest-performing retail corridors.


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Attributes

Asking price
₩6,124,409,000
Cap rate
5%
NOI
₩306,221,000
Building area gross
370 m²
Year built
2025
Land area gross
0 m²

Media

Investment Highlights

  1. ​±9.3 years of primary term remaining
  2. Investment-grade tenancy with S&P A rating (stable outlook)
  3. Located in Park St. Claire, a top 1% most-visited shopping strip nationwide anchored by Illinois' #4 most visited Target
  4. Premier Woodfield Shopping District location, with nearly 34M annual visits at nearby retail destinations
  5. Replaceable ground rent supported by underlying land value at premier retail site
  6. Absolute NNN ground lease with zero landlord responsibilities and staggered rental escalations
  7. Average household income of $137,000 within a 5-mile radius
  8. Irreplaceable signalized hard-corner intersection with visibility to more than 72,000 vehicles per day (VPD)
  9. Located 26 miles northwest of downtown Chicago and 13 miles northwest of O'Hare International Airport


US Bank - Hubbard Street Group - Schaumburg, Illinois 4_Property for Sale
US Bank - Hubbard Street Group - Schaumburg, Illinois 4_Property for Sale

Contact brokers

US Bank - Hubbard Street Group - Schaumburg, Illinois (0 Properties)

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Last updated Oct 2, 2026