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FIFTH THIRD BANK GROUND LEASE

$5,449,000 | 6.85%

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5501 North Ashland Avenue
Chicago, Illinois

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Features

  • 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
  • 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
  • Excellent Demographics | Population of 75,070 Within Three Miles of Subject Property
  • Affluent Area | Average Household Income Within One Half Mile is $100,865

Contact

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

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