16767 Torrence Ave, Lansing, IL 60438
Lansing, IL
Retail for Sale - $2,395,000 - 0.24 acres
Property Info
CIMLS# | 1023340 |
Location 16767 Torrence Ave, Lansing, IL 60438 Lansing IL 60438 | |
Updated | August 13th, 2018 |
Type | Retail |
Price | $2,395,000 |
Land | 0.24 acres |
Property Description
The subject property is a 4,214-square foot Chase Bank located in Lansing (Chicago MSA), Illinois. Chase Bank features over thirteen years remaining on a triple net ground lease with ten percent (10%) rental increases in January 2021 and at each of the four 5-year option periods. The site features a drive-thru with four ATMs. Deposits have been increasing year-over-year since opening and has increased 18% since prior year. Chase (NYSE: JPM), a publicly traded company with an investment grade credit rating of "A+" by Standard and Poor's, has a net worth in excess of $254.19 billion and annual revenue exceeding $90.31 billion.