Ashland Wellington Plaza
2862-2924 North Ashland Avenue, Chicago, IL, 60657, US
1,856 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Chase Bank at 16767 Torrence Avenue in Lansing, Illinois (“Property” or “Asset”). The Property is operating on an absolute NNN ground lease with ±4.8 years of primary lease term remaining, 10.0% rent escalations every 5 years and four, five-year options. JPMorgan Chase is the largest bank holding company in the U.S. with over $4.4 trillion in assets.
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Attributes
Asking price
PLN 7,956,000
Cap rate
6.75%
NOI
PLN 537,000
WAULT
4.8 years
Building area net
391 m²
Media
Investment Highlights
- Absolute NNN ground lease Chase Bank with zero landlord responsibilities
- Low rent bank deal at $36 PSF with ±4.8 years of lease term remaining
- Investment grade tenancy (S&P: ‘A’) with corporate JPM lease
- Adjacent to the #3 most visited Sam’s Club in IL
- Just off I-94/I-80 with frontage along Torrence Ave w/ 294,000+ VPD
- Outparcel to the landings with 2.4M visits annually
- Adjacent to River Oaks West, a top 3% most visited shopping center
Contact brokers
Chase Bank - Lansing, IL (0 Properties)
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Last updated
11 Feb 2026
