Located at 2580 W. Schaumburg Road, the newly constructed building is comprised of more than 4,000 square feet of rentable space situated on more than one acre of land. Solely leased to Fifth Third Bancorp, the property includes four drive-thru teller lanes, as well as 28 parking spaces.
"This high quality asset is located in one of Schaumburg's primary retail corridors and is expected to provide investors with a steady return over the projected hold period," said Jeff Hanson, President and Chief Investment Officer of Grubb & Ellis Realty Investors. "The property is on a long term ground lease to a strong investment-grade tenant, making it a particularly attractive investment asset."
The Fifth Third Bank building is an outparcel to the Prairie Towne Center, where an estimated 67,000 cars pass daily, and is also highly visible and accessible from Barrington Road, where an estimated 40,000 cars pass daily. The property is directly surrounded by dense residential neighborhoods, as well as various retail outlets, including Target, Home Depot and Staples. -- Grubb & Ellis Realty Investors, LLC