957 Belvidere Rd Grayslake, IL 60030-2502

This exceptional investment opportunity presents a fee-simple interest in a Bank of America ground lease located at 957 E Belvidere Rd, Grayslake, IL 60030. The property, a single-story, 6,000 square foot building constructed in 2003 and renovated in 2023, sits on a 0.965-acre lot within the Maple View Shopping Center. The lease is an Absolute NNN structure with Bank of America, a credit-rated tenant, holding a lease extending to September 30, 2028, with three 5-year renewal options at 10% rent bumps. The property boasts a strong NOI of $412,539, resulting in a 7.25% cap rate and a price per square foot of $948.37. The asking price is $5,690,200. The site benefits from high visibility at a signalized intersection with 24,800 vehicles per day, and is shadow-anchored by a high-performing Jewel-Osco. The surrounding area includes numerous national retailers and is proximate to Northwestern Medicine Hospital. The property's location within a dense, affluent area with an average household income exceeding $138,790 provides a strong and stable income stream. The Bank of America branch reports over $81.7 million in annual deposits. The property includes 29 parking spaces and is zoned SBC. This is an ideal investment for passive net lease investors seeking a secure, high-performing asset with a strong tenant and significant remaining lease term.