251 E Maple St New Lenox, IL 60451
NN+ leased fee interest in Bank of America branch.
Property size:
5,773 SFLot size:
1.63 AcresProperty Features for 251 E Maple St
General Information
- Size
- 5,773 SF
- Lot size
- 1.63 Acres
Source:
Moodyscre
Listing Agent: Dan Elliot
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Bank of America Investment Opportunity
This property presents the opportunity to acquire the leased fee interest in a freestanding Bank of America branch, guaranteed by a corporate entity listed on the NYSE (BAC) with an S&P rating of A-. Located in New Lenox, Illinois, which is part of the Chicago Metropolitan Statistical Area, the property has approximately five years remaining on the current lease term. There are also four, five-year options to extend, demonstrating the bank’s commitment to the location. The lease is structured as NN+, with the landlord responsible for 80% of structural and capital improvements. In 2021, the property underwent a complete interior renovation to align with Bank of America’s modern branch design.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Banks
Location Insight
- Map
- Local Demand
- City
- New Lenox
- County
- Will
- State
- Illinois
- Longitude
- -87.9630192
- Latitude
- 41.5132806
Nearby Similar for Sale
FAQs
What type of property is this?
Bank - NN+ leased fee interest in Bank of America branch.
Where is this bank located?
The property is located at 251 E Maple St New Lenox, IL.
What is the asking price?
The asking price for this property is $5,704,000.
What are key features of this property?
This property features: - Corporate guaranteed lease by Bank of America (NYSE: BAC, S&P: A-).; - NN+ lease structure provides near-passive income with limited landlord responsibilities (80% of structural/capital improvements).; - Located in New Lenox, Illinois, part of the Chicago MSA.