Portfolio

Chicago U.S. Bank 3-Property Portfolio

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Land Area ()

Portfolio description

JLL is pleased to offer the fee-simple interest in the Chicago U.S. Bank Portfolio, which consists of three (3) U.S Bank branch locations in the Chicago MSA (“Portfolio” or “Properties”). The Portfolio features three unique but identical, coterminous leases, all of which have been recently extended early by U.S. Bank. The early lease extensions demonstrate the Tenant’s commitment to the locations driven by consistent deposit growth averaging a 10.7% CAGR across the Portfolio since 2017. In addition to outstanding deposit growth, the Properties feature strategic, infill positioning in high-traffic retail corridors with outstanding surrounding density in the Chicago MSA, offering exposure to an average of 42,500 vehicles per day and an average surrounding 5-mile population density of 297,159 residents. Each of the three properties offers drive-thru bank services and outstanding underlying real estate situated on hard-corners, with large average parcel size of 0.95 acres across the Portfolio that provides for highly attractive long-term redevelopment potential. Furthermore, U.S. Bank (“Tenant” or “Company”) boasts an investment-grade credit rating of ‘AA-’ by S&P, providing outstanding security to the long-term rent obligation coupled with the recent re-commitment via early rent extensions and the operating history at the locations that dates to 2012.

The Portfolio offers over six (6) years of remaining lease term guaranteed by U.S. Bank, with coterminous leases that expire 1/31/2028. Each property is on an attractive Absolute NNN structure, featuring 2.5% annual rent increases, and two, five-year options. The Offering represents an opportunity to own real estate with exceptional underlying fundamentals at infill Chicago locations, consistent bank branch deposit growth, while providing secure and passive long-term income from a ‘AA-’ rated Tenant.


Investment highlights

  • 3 locations totaling ±13,650 SF
  • 6.2 years of term remaining on Absolute NNN leases
  • NOI of $448,188
  • Annual rent increases of 2.5% beginning 2/1/2024
  • 10.7% CAGR in deposit growth since 2017 across the Portfolio
  • Excellent infill fundamentals with strong visibility, averaging 42,500 vehicles per day

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

List View
Map View
Chicago U.S. Bank 3-Property Portfolio (3 Properties)
8500 W. Dempster
Niles, United States
26 W. North Avenue
Northlake, United States
1100 W. Devon Avenue
Elk Grove Village, United States
Expand Map Collapse Map
Last Updated Date: 17 Nov 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.