Freestanding Drive-Through Bank Ground
For Sale
Contact for pricing
2595 Waukegan Rd, Bannockburn, IL 60015
Absolute NNN, corporate-guaranteed ground lease featuring a 3-lane drive-thru PNC Bank facility.
Property SizeContact for details
Days on Market148
Property Features for 2595 Waukegan Rd
General Information
Standard status
Active
Property subtype
Retail, Office
Additional Details
Traffic Count
37,100 vehicles/day
Listing Agency:
SRS Real Estate Partners Chicago
Listed By:
Dan Elliot · License #IL 475144985
(312) 972-7978
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 9:42AM
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 SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
This offering is for the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, ground-leased freestanding PNC Bank investment property with drive-thru facilities. The building includes a 3-lane drive-thru designed for customer convenience. The lease features more than 6 years remaining in the initial term and two (10-year) extension options, with a 10% rental increase in 2021 and additional rent growth tied to fair market value at the beginning of each option period.
The property is located at 2595 Waukegan Rd in Bannockburn, IL, positioned as an outparcel to Bannockburn Green, a 183,000 SF shopping center anchored by Heinen’s Grocery. The center sits at the signalized, hard-corner intersection of Half Day Road and Waukegan Road and averages 37,100 combined vehicles passing by daily. Nearby national/credit tenants at the shopping center include McDonald’s, Panera Bread, Walgreens, and others.
PNC Bank is currently in operation on a corporate-guaranteed absolute NNN structure with zero landlord responsibilities, supporting a hands-off ownership profile for a passive investor.
The property is located at 2595 Waukegan Rd in Bannockburn, IL, positioned as an outparcel to Bannockburn Green, a 183,000 SF shopping center anchored by Heinen’s Grocery. The center sits at the signalized, hard-corner intersection of Half Day Road and Waukegan Road and averages 37,100 combined vehicles passing by daily. Nearby national/credit tenants at the shopping center include McDonald’s, Panera Bread, Walgreens, and others.
PNC Bank is currently in operation on a corporate-guaranteed absolute NNN structure with zero landlord responsibilities, supporting a hands-off ownership profile for a passive investor.
Key Highlights
- Absolute NNN leased fee (land ownership) investment with corporate guaranteed PNC Bank tenant
- PNC Bank has more than 6 years remaining on the initial lease term plus two 10‑year options to extend
- Freestanding PNC Bank building with a 3‑lane drive‑thru
Property Analytics
Property Profile
Current Use
Lease Details
37,100 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
73k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 59%
Dining 23%
Shops & Services 16%
Beauty & Spa 1%
Mariano's
Groceries
26,058 visits/mo
0.3 miles
Heinen's Grocery Store
Groceries
17,162 visits/mo
0.1 miles
McDonald's
Dining
15,249 visits/mo
0.1 miles
Shell
Shops & Services
10,826 visits/mo
0.1 miles
Jersey Mike's Subs
Dining
1,354 visits/mo
0.1 miles
Demographics for 60015, IL
28,013
Population
10,657
Households
2.6
Avg Household Size
43
Median Age
80%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
2,060
Density / Sq Mi
$186,786
Median Household Income
$82,970
Median Earnings
$2,284
Median Rent
$602,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Absolute NNN, corporate-guaranteed ground lease featuring a 3-lane drive-thru PNC Bank facility.
Where is this bank located?
The property is located at 2595 Waukegan Rd Bannockburn, IL.
What are key features of this property?
This property features: Absolute NNN leased fee (land ownership) investment with corporate guaranteed PNC Bank tenant; PNC Bank has more than 6 years remaining on the initial lease term plus two 10‑year options to extend; Freestanding PNC Bank building with a 3‑lane drive‑thru
