The subject property is a Net Leased Investment Opportunity leased to Oxford Bank & Trust located in Westmont, Illinois. Oxford Bank & Trust is operating on an original 20 year lease with over five (5) years remiaining. There are two five-year renewal options remaining after the current term. Scheduled base rent will increase by three percent (3%) beginning October 2016 and every year thereafter throughout the option periods. 8.47% CAP Rate. (THE ABOVE INFORMATION HAS BEEN OBTAINED FROM SOURCES WE BELIEVE TO BE RELIABLE. HOWEVER DO NOT TAKE RESPONSIBILITY FOR ITS CORRECTNESS.)
|Property Use:||Other Commercial|
|Average Floor Size:||4,017|
|Cap Rate Percentage:||8.47|
|Building Size:||4,017 SF|
|Lot Size:||47,920 SF|
OVER 5 YEARS REMAINING ON LEASE. THREE PERCENT (3%) RENT INCREASE BEGINNING OCTOBER 2016 AND EVERY YEAR THEREAFTER. IN-FILL SUBURBAN DUPAGE COUNTY LOCATION. HIGH TRAFFIC VOLUME IN THE AREA.
Art (818) 516-0257 (Call or Text) CalBRE License #: 0102190 OR Jordan Schnoll (847) 313-4646Area Description
Area Description: The subject property is located at the corner of Cass Avenue and 65th Street. The site is situated on the South side of Cass Avenue directly next to Discount Tire. Approximately 27,000 cars drive by this location every day. Additional retailers and restaurants in the immediate area consist of Aldi, Walgreen's, McDonald's, Cardinal Fitness, Pizza Hut, Burger King, Dunkin Donuts and many more.