Citibank
| Status | Sold |
|---|---|
| Price | $2,100,000 |
| Cap Rate | 4.94% |
| NOI | $103,754 |
| Lease Type | Absolute NNN |
| Lease Term | 10 Years |
| Lease Start | March 2015 |
| Lease Expiration | March 2025 |
| Building Size | 3,989 SF |
| Lot Size | 4356 AC |
Overview
Downers Grove, a nationally acclaimed community, is located 20 miles southwest of downtown Chicago along Interstate 88. Passed by more than 24,000 vehicles per day, the site totals 3,989 square feet and benefits from excellent visibility at the signalized intersection of Curtiss Street and Main Street.
The property benefits from its location in the heart of downtown Downers Grove. Located along downtown’s major commercial corridor, Main Street, the building is further enhanced by its proximity to numerous boutique shops, restaurants, and businesses.
The community that surrounds the bank is home to approximately 14,000 residents within a 1-mile radius. Within the same parameter, the average household income is over $113,000, which is well above the national average.