Absolute NNN Bank Ground
For Sale
Contact for pricing
1080 Elmhurst Rd, Mt Prospect, IL 60056
Bank of America occupies a ground-leased absolute NNN property with a lease extension through December 2032.
Property SizeContact for details
Days on Market121
Property Features for 1080 Elmhurst Rd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
30,290 vehicles/day
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 2:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
Investment Insights
Based on property information with market context.
CBRE’s Net Lease Property Group – Midwest presents the opportunity to acquire 100% fee interest in an absolute NNN Bank of America ground lease. The lease was recently extended for 10 years through December 2032, with four additional 5-year renewal options. The extension also provides for zero landlord responsibilities.
The Bank of America location sits on an outparcel to Golf Plaza II Shopping Center and is highly visible on Elmhurst Road, with over 30,290 vehicles passing near the site per day. The surrounding trade area is described as dense, with approximately 124,000 residents and an average household income of $116,937 within a three-mile radius. The branch reportedly maintains deposits well above the national average.
The Bank of America location sits on an outparcel to Golf Plaza II Shopping Center and is highly visible on Elmhurst Road, with over 30,290 vehicles passing near the site per day. The surrounding trade area is described as dense, with approximately 124,000 residents and an average household income of $116,937 within a three-mile radius. The branch reportedly maintains deposits well above the national average.
Key Highlights
- Bank of America absolute NNN ground lease with 100% fee interest available
- Lease extension runs through December 2032 with four 5‑year renewal options
- Lease includes 10% rental increases in each renewal period, per extension terms
Property Analytics
Current Use
Lease Details
30,290 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
180k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 25%
Apparel 25%
Groceries 14%
Kohl's
Apparel
44,608 visits/mo
0.5 miles
McDonald's
Dining
30,373 visits/mo
0.3 miles
Binny's Beverage Depot
Groceries
23,850 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,765 visits/mo
0.1 miles
Chase Bank
Shops & Services
13,625 visits/mo
0.1 miles
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Bank of America occupies a ground-leased absolute NNN property with a lease extension through December 2032.
Where is this bank located?
The property is located at 1080 Elmhurst Rd Mt Prospect, IL.
What are key features of this property?
This property features: Bank of America absolute NNN ground lease with 100% fee interest available; Lease extension runs through December 2032 with four 5‑year renewal options; Lease includes 10% rental increases in each renewal period, per extension terms
