4765 Cermak Rd Cicero, IL 60804

Property Details for 4765 Cermak Rd

Year built

2005

Lot size

0.57 lot acres

Property size

3,055 SF

Property type

Banks

Description

This exceptional investment opportunity presents a fee-simple ownership of a 3,055 square foot single-tenant retail building, currently occupied by a credit-rated national bank. Located at 4765 W Cermak Rd, Cicero, IL 60804, this property boasts a 7.81% cap rate and a substantial net operating income (NOI) of $250,000. The absolute triple-net (NNN) lease, with zero landlord responsibilities, extends until September 1, 2027, with a remaining term of approximately 2.8 years. The lease features four, 5-year options with a 10% rent escalation clause, providing a strong hedge against inflation. Built in 2005, the one-story building sits on a 0.57-acre lot and benefits from its location in a dense urban area, within a three-mile radius of over 320,000 residents. The tenant, a leading financial institution, has demonstrated a long-term commitment to the site, recently upgrading the parking lot and adding a drive-thru lane. The property's proximity to I-290 and nearby national retailers further enhances its value and appeal. The asking price is $3,200,000, translating to a price per square foot of $1,047.46. This is a rare opportunity to acquire a stable, high-performing investment property with significant upside potential.