Net Leased Bank
1400 Gannon Dr Hoffman Estates, IL 60169
1400 Gannon Dr, Hoffman Estates, IL, 60169
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For Sale
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New construction bank building is secured by a 15-year NNN lease with scheduled 8.25% increases.
Property Size4,716 SF
Lot Size0.98 Acres
Days on Market102
Property Features for 1400 Gannon Dr
General Information
- Standard status
- Active
- Size
- 4,716 SF
- Lot size
- 0.98 Acres
- Property subtype
- Retail
Listing agency
Foretell Capital Partners
Listed by
Wes Koontz · License #FL BK3517518
Source
Crexi
Added: Apr 12 Updated: Jul 22 at 6:43PM Checked: Jul 22 at 6:43PM
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 Foretell Capital Partners
Investment Insights
Based on property information with market context.
This new construction retail bank building is offered as a net lease investment. The property includes a 4,716-square-foot structure on a 0.98-acre parcel and is leased to BMO Harris Bank under a 15-year NNN lease.
The lease features 8.25% increases every four years throughout the primary term. The site is located in Hoffman Estates, about 30 miles northwest of downtown Chicago, in a dense suburban community.
The current tenant relocated an existing successful branch to this site, and the property’s new construction provides a modern footprint within the same operating location.
The lease features 8.25% increases every four years throughout the primary term. The site is located in Hoffman Estates, about 30 miles northwest of downtown Chicago, in a dense suburban community.
The current tenant relocated an existing successful branch to this site, and the property’s new construction provides a modern footprint within the same operating location.
Key Highlights
- New construction 4,716 SF retail building on a 0.98‑acre parcel at 1400 Gannon Drive in Hoffman Estates, IL
- BMO Harris Bank branch secured by a 15‑year NNN lease
- Lease includes scheduled 8.25% increases every 4 years throughout the primary term
Property Analytics
Location Intelligence
Current Use by Public Records
ATM (BMO Harris ...
Atm
Protec Technology
Business Management Consultant
BMO Harris Bank ...
Loan Service
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FAQs
What type of property is this?
Bank - New construction bank building is secured by a 15-year NNN lease with scheduled 8.25% increases.
Where is this bank located?
The property is located at 1400 Gannon Dr Hoffman Estates, IL.
What are key features of this property?
This property features: New construction 4,716 SF retail building on a 0.98‑acre parcel at 1400 Gannon Drive in Hoffman Estates, IL; BMO Harris Bank branch secured by a 15‑year NNN lease; Lease includes scheduled 8.25% increases every 4 years throughout the primary term
