15411 La Grange Rd Orland Park, IL 60462

Property Details for 15411 La Grange Rd

Lot size

1.27 lot acres

Property size

3,875 SF

Property type

Retail properties

Property subtype

Banks

Description

This exceptional investment opportunity presents a 3,875 square foot PNC Bank located at 15411 LaGrange Rd, Orland Park, IL 60462. The property sits on a 1.27-acre lot and is offered at $2,650,000 with a 5.50% cap rate and a strong net operating income (NOI) of $146,000. The property features an absolute NNN ground lease with PNC Bank, an investment-grade tenant (A rating from S&P and A2 from Moody's), with 11 years remaining on the initial term. The lease includes four, 10-year renewal options, with 10% rent escalations every five years, providing a hedge against inflation and long-term financial stability. PNC Bank recently exercised a 10-year option extension in 2024 and has occupied this location for 20 years, further demonstrating their commitment. They also recently completed a full parking lot renovation. The property is situated on an outlot of Orland Park Place, a high-traffic power center anchored by major retailers such as Dick's Sporting Goods, Nordstrom Rack, Steinhafels, and Barnes & Noble, generating over 4.8 million annual visits. The location benefits from additional traffic from nearby Whole Foods and Trader Joe's, adding another 1.5 million annual visits. Orland Park is a highly desirable community with an "A" rating from Niche in 2024, boasting strong schools, safety, and employment opportunities. The surrounding area enjoys an average household income of $133,379 and home values of $333,386. This presents a rare opportunity to acquire a stable, high-performing investment in a prime location. 100% occupancy ensures immediate cash flow.

Location Insight

City

Orland Park

County

Cook

State

Illinois

Longitude

-87.8517

Latitude

41.6098