2595 Waukegan Rd Bannockburn, IL 60015

Listing agency SRS Real Estate Partners Newport Beach s***@srsre.com Show Phone

Listed by Matthew Mousavi · License #CA 01732226

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:04PM Checked: Jul 21 at 8:04PM

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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.

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

Location Intelligence

FAQs

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