Net-Leased Credit Union Retail
For Sale
Contact for pricing
3250 Kirchoff Rd, Rolling Meadows, IL 60008
Single-tenant credit union property is fee simple and leased on an absolute triple net basis.
Property Size3,598 SF
Price / SF$590.51
Days on Market144
Property Features for 3250 Kirchoff Rd
General Information
Standard status
Active
Size
3,598 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$123,231
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 15
Changed: Aug 14
Last Checked: Sep 4 at 11:23AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
A single-tenant, net-leased Alero Financial property offered for sale in the Chicago MSA. The property is fee simple and leased on an absolute triple net basis with zero landlord responsibilities. The current 10-year lease commenced in May 2026 (estimated), includes a 10% rental escalation in year six, and provides 3% annual escalations throughout the two 5-year renewal options.
The 3,598-square-foot building is positioned as an outparcel within Rolling Meadows Shopping Center and benefits from visibility and access along Kirchoff Road. The site is co-tenanted with retailers and service uses including Jewel-Osco, McDonald’s, Endeavor Health, Pizza Hut, Anytime Fitness, Dollar Tree, WingStop, and Starbucks.
The property is supported by nearby regional connectivity via I-290 and I-90 and is in a trade area that includes Rolling Meadows High School, Harper College, Endeavor Health Northwest Community Hospital, Woodfield Mall, and Arlington Park.
The 3,598-square-foot building is positioned as an outparcel within Rolling Meadows Shopping Center and benefits from visibility and access along Kirchoff Road. The site is co-tenanted with retailers and service uses including Jewel-Osco, McDonald’s, Endeavor Health, Pizza Hut, Anytime Fitness, Dollar Tree, WingStop, and Starbucks.
The property is supported by nearby regional connectivity via I-290 and I-90 and is in a trade area that includes Rolling Meadows High School, Harper College, Endeavor Health Northwest Community Hospital, Woodfield Mall, and Arlington Park.
Key Highlights
- 3,598 SF single‑tenant credit union property built in 2010
- New 10‑year lease commencing May 2026 (estimated) with absolute triple net and zero landlord responsibilities
- Lease includes 10% rental escalation in year six plus 3% annual escalations through two 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,231
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,620
$1.2M
Cap Rate 7%
$860,443
$860.4K
Cap Rate 9%
$669,233
$669.2K
Market Conditions
NOI Build-Up for 3,598 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $24.00/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$80.3K $22.32/SF
− OpEx
−$20.1K −$5.58/SF
NOI
$60.2K $16.74/SF
Area
Cook County, IL
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,204,620
Cap Rate 7%
$860,443
Cap Rate 9%
$669,233
Alternative Uses
Best Use
Specialty Retail
$860.4K
$752.9K – $1.00M
NOI $60,231 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$713.4K
$624.3K – $832.4K
NOI $49,941 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,956 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 35%
Beauty & Spa 4%
McDonald's
Dining
19,506 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,295 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,006 visits/mo
0.2 miles
U.S. Bank
Shops & Services
2,265 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
1,867 visits/mo
0.2 miles
Demographics for 60008, IL
22,760
Population
9,282
Households
2.5
Avg Household Size
40
Median Age
39%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
4,463
Density / Sq Mi
$96,213
Median Household Income
$47,405
Median Earnings
$1,561
Median Rent
$295,000
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 - Single-tenant credit union property is fee simple and leased on an absolute triple net basis.
Where is this bank located?
The property is located at 3250 Kirchoff Rd Rolling Meadows, IL.
What is the asking price?
The asking price for this property is $2,124,672.
What are key features of this property?
This property features: 3,598 SF single‑tenant credit union property built in 2010; New 10‑year lease commencing May 2026 (estimated) with absolute triple net and zero landlord responsibilities; Lease includes 10% rental escalation in year six plus 3% annual escalations through two 5‑year renewal options
