15411 La Grange Rd Orland Park, IL 60462

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.