13211 La Grange RdOrland Park, IL 60462

For Sale
$4,991,250

Orland Park, IL: NNN Ground Lease

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 4,330 square foot Chase Bank located in Orland Park, Illinois, within the Chicago MSA. The property boasts a strong 4.00% cap rate and a substantial $199,650 net operating income (NOI). Built in 2007, this single-tenant, absolute NNN ground lease features a credit-rated tenant with a remaining lease term of 12.5 years, extending to May 29, 2037. The lease includes 10% rent bumps every five years, and five 5-year renewal options are available. Situated on a 1.48-acre lot, the bank benefits from high visibility on South La Grange Road (37,600 vehicles per day) and proximity to 131st Street (13,800 vehicles per day). The location is further enhanced by its adjacency to Carl Sandburg High School (2,800+ students) and a strong retail environment including ALDI, Jewel-Osco, Walgreens, and other national brands. A robust demographic profile supports the investment, with 143,945 residents within a five-mile radius boasting an average annual household income of $111,251. The property's 2021 deposits totaled $231,201,000, demonstrating the location's financial strength. This is a rare opportunity to acquire a high-performing, low-maintenance investment with a long-term, creditworthy tenant in a prime location. The asking price is $4,991,250, representing a price per square foot of $1,152.71.

Highlights

  • Chicago MSA location, ranked #3 in US population.
  • Investment-grade tenant (JP Morgan Chase Bank, S&P A+ rating).
  • 30-year NNN ground lease with Chase Bank, commencing in 2007, demonstrating long-term commitment.
  • Triple-net lease; zero landlord responsibilities.
  • 10% rent increases every five years.
  • $231,201,000 in 2021 deposits at this location.

Property Details for 13211 La Grange Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,330 SF
Year Built
2007
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Orland Park
County
Cook
State
Illinois
Latitude
41.6305694
Longitude
-87.8255007
13211 La Grange Rd, Orland Park, Illinois
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13211 La Grange Rd
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