3425 26th St Chicago, IL 60623-4002

This exceptional investment opportunity presents a 3,874 square foot, single-tenant retail property leased to Bank of America under an absolute NNN ground lease. Located at 3425 W 26th St, Chicago, IL 60623, this property boasts a strong 7.00% cap rate and a substantial NOI of $312,301. The lease features a corporate guarantee from Bank of America, minimizing landlord responsibilities. With 5.5 years remaining on the current term, Bank of America recently exercised their first of four 5-year renewal options, demonstrating a long-term commitment to this location. The property, built in 2004, includes a double drive-thru and sits on a sizable 0.55-acre lot, a rarity in the Little Village neighborhood. This prime location benefits from a population exceeding 1 million within a 5-mile radius and proximity to major retailers such as Walgreens, Dollar Tree, Advance Auto Parts, and Dunkin' Donuts. The property offers 30 parking spaces and enjoys 100% occupancy. The ground lease expires October 31, 2029. This is a rare opportunity to acquire a high-performing asset with a blue-chip tenant in a densely populated area of Chicago. The property's 19-year operating history at this location further underscores its stability and potential for continued success. Bank of America's investment-grade credit rating ("A-" by Standard & Poor's) adds to the security of this investment.