Bank of America NNN Property For Sale — Kildeer, IL
20263 N Rand Road, Kildeer, IL 60047
This offering features a Bank of America ground lease located in Kildeer, Illinois, a strong retail corridor within the Chicago MSA. The property benefits from a long-term absolute triple net ground lease with over 8 years remaining and four 5-year renewal options. The lease includes attractive 10% rental escalations every five years. Bank of America, an investment-grade rated tenant (S&P: A-), is strategically positioned at a signalized intersection on Rand Road, a major thoroughfare with high traffic counts (49,409 VPD). The site is an outparcel to Kildeer Market Place and adjacent to Kildeer Village Square, both recently developed and 100% leased, featuring national retailers such as Whole Foods, Walmart, Home Depot, Target, Menards, Nike Factory, Nordstrom Rack, Apple, Anthropologie,…
- Address: 20263 N Rand Road, Kildeer, IL 60047
- Asking price $5.41M
- 5.80% cap rate
- NOI $313,500
- 5.4 years remaining
- NNN lease
- Year built: 2012
- Building size: 2,327 SF
- Lot size: 1.25 acres
- Lease expiration: Jan 31, 2032
- Rent increases: 10% every 5 years (next escalation: 2/1/2022)
- Guarantor: Corporate
Location
This Bank of America property is at 20263 N Rand Road in Kildeer, Illinois.
Asset type: Retail (Bank Ground Lease)