Retail    

Citibank

 Chicago, IL

Asking Price

$8,333,333

Cap Rate

6.00%

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Lease Type

Absolute Net

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Year Built

1981 | 2006

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Building Size

7,200 SF

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Lot Size

0.60 AC

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Rental Increases

15% every 5 years

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2022 Revenue

$75.3B

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Investment Grade Tenancy (S&P: A) | Citibank N.A., the consumer division of financial services of Citigroup Inc., holds an S&P credit rating of A/
    Positive. Citigroup Inc. (NYSE: C) holds an S&P credit rating of BBB+/Stable.
  • $188 Million - Highest Bank Deposits in Zip Code | This Citibank branch has the highest bank deposits in the entire zip code. 
  • Chicago MSA Acquisition Opportunity | The area is highly sought after by investors and presents an opportunity to acquire real estate with high residual values that can be held for generations.
  • Absolute Net Lease with Attractive Rental Increases | Citibank is operating under an absolute net lease with zero landlord responsibilities, making this a passive
    income investment with long-term cash flows.
  • Proximity to Premier Shopping Center Tenants | The Property is situated directly across from Evergreen Plaza, an open-air shopping center featuring premium national and regional retailers, including Whole Foods, Burlington, and Market by Macy’s.
  • Excellent Access & Visibility | The Property is ideally-positioned on a hard corner lot at the signalized intersection of South Western Avenue and West 95th Street, with direct exposure to 63K+ vehicles per day.

Exclusively Listed By

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637
Illinois Broker #471019332

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Associate Vice President
  jcollins@northmarq.com   

Josh Dicker

Senior Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  associate@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

Northmarq

303 E Wacker Dr | Suite 1111
Chicago, Illinois 60601


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