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FIFTH THIRD BANK | GROUND LEASE

$5,449,000 | 7.71%

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5501 North Ashland Avenue
Chicago, Illinois 60640

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Features

  • National Tenant | Fifth Third Bank
    • NASDAQ: FITB | “A-” Standard and Poor’s Credit Rating
    • One of the Largest Banks in the United States | Over 1,100 Branches Across the Nation
  • Attractive Lease Terms
    • Initial 20-Year Ground Lease with Just Under Six Years Remaining
    • Corporate Guarantee
    • Rare 12.5 Percent Rental Increases Every Five Years
  • Ideal Real Estate Fundamentals
    • 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
    • Heavily Traveled | Over 30,000 Vehicles Passing per Day
  • Excellent Demographics
    • Dense, Infill Location | 15,111 People Live Within 0.5 Miles of Subject Property with an Average Household Income of $116,426
    • Extremely High Daytime and Nighttime Foot Traffic | 97 Walk Score, a “Walker’s Paradise” (WalkScore.com)

Contact

AUSTIN WEISENBECK
Senior Vice President Investments
Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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