Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1919
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

JLL is pleased to offer the fee-simple interest in 104 N. Oak Park Avenue (the “Property”), an iconic two-story brick building on a transit-adjacent hard-corner in Oak Park, IL. The Property is 100% leased to investment-grade rated U.S. Bank (“the Tenant”), having recently executed a three-year lease extension resulting in a total of 3.9 years of remaining lease term. The lease benefits from a true Absolute NNN structure with zero landlord responsibilities in addition to attractive 3% annual rent increases.


The Property offers over 0.4 acres of generational real estate in downtown Oak Park, a thriving and affluent community that sits as the first suburb west of the City of Chicago, just nine miles from the CBD. Oak Park boasts excellent schools, world-class architecture, shopping, dining, and an extensive public transportation network that creates a true urban to suburban oasis near the city, making it an attractive location for larger development projects in recent years. Adjacent to the Oak Park CTA station, 104 Oak Park is a transit-oriented asset next to a station that sees over 463,000 annual riders at its peak levels.


With just under four years of lease term, 3% annual increases, and one remaining three-year lease option to U.S. Bank, the Offering presents a unique opportunity to acquire secured investment-grade cash flow with limitless long-term value-creation potential in an iconic building in downtown Oak Park.


Investment Highlights

  • Generational hard-corner, transit-oriented real estate in Oak Park, IL
  • Iconic two-story building with beautiful architectural design
  • Long-term repositioning potential for a multitude of creative uses
  • Adjacent to a six-story parking structure immediately to the East
  • Affluent, educated, and dense surrounding population just 9 miles from the Chicago CBD
  • 100% Absolute NNN leased to U.S. Bank - zero landlord responsibilities
  • 3.9 years of lease term remaining with 3% annual rent increases


Last Updated Date: 11 Aug 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 11 Aug 2022

¿Tiene alguna duda?  Visite nuestra página de Preguntas Frecuentes

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.