Back to Listings
Fifth Third Bank Ground Lease

Fifth Third Bank Ground Lease

5501 North Ashland Avenue
Chicago, Illinois


price: $5,449,000

gla: 4,448 SF

cap: 6.85%

lot: 0.43 Acres

built: 2007

noi: $373,359

  • Initial 20-Year Ground Lease | Corporate Guarantee
  • National Tenant | Fifth Third Bank | “A-” Standard and Poor’s Credit Rating
  • Rare 12.5 Percent Rental Increases Every Five Years
  • Irreplaceable Location | Andersonville Neighborhood of Chicago
  • Outparcel to Jewel-Osco | Operating Since 1974 | Chicago’s Number One Grocer
  • Drive-Thru | Adds Value and Flexibility to Existing or Future Tenancy
  • Highly Visible | 300 Total Square Feet of Frontage Along North Ashland Avenue and West Catalpa Avenue
  • Dense Area | Daytime Population of 212,969 Within Two Miles
  • Extremely High Daytime and Nighttime Foot Traffic | 97 Walk Score, a “Walker’s Paradise” (WalkScore.com)
  • Five Miles North of Downtown Chicago
  • Excellent Demographics | Population of 75,070 Within Three Miles of Subject Property
  • Affluent Area | Average Household Income Within One Half Mile is $100,865
>
Austin Weisenbeck
Senior Vice President Investments

Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com

* Broker of Record: Steven Weinstock