16767 Torrence Ave Lansing, IL 60438

This exceptional investment opportunity presents a 4,214 square foot Chase Bank located at 16767 Torrence Ave, Lansing, IL 60438. The property boasts a corporate absolute NNN ground lease with a credit-rated tenant, JPMorgan Chase Bank & Co., offering significant financial stability. The lease commenced March 23, 2010, and expires December 31, 2030, with four 5-year renewal options, each including a 10% rent increase. The current lease has 6.1 years remaining, generating a strong NOI of $137,500 and a 5.15% cap rate. The asking price is $2,669,903, translating to $633.58 per square foot. Built in 2010 on a 0.24-acre lot, this single-tenant property enjoys 100% occupancy and benefits from a 10% rent increase scheduled for January 1, 2026. The property's strategic location at a signalized intersection on Torrence Ave near I-94, with high daily traffic volume, ensures excellent visibility and accessibility. Surrounding national retailers include Aldi, Home Depot, Walmart, and more, further enhancing its appeal. This is a prime investment opportunity with minimal management expenses and substantial upside potential due to the built-in rent increases and strong tenant. The property's location within a densely populated area with a large daytime workforce adds to its long-term value. The property is a nationally ranked top 86% performing store according to Placer.ai.