Bank of America 957 E Belvidere Rd

CBRE’s Net Lease Property Group is pleased to extend the opportunity to acquire fee simple interest in a 6,000-square-foot Absolute NNN Bank of America Ground Lease located in Grayslake, Illinois. Bank of America spent $450k in renovations before exercising their first option to renew for five years, leaving approximately 4.5 years left of term, with three, five-year options remaining. This location reports strong deposits of $81.7 million which are well above the national average.
Bank of America is strategically positioned on the southwest corner of the signalized intersection of E Belvidere Road and S Atkinson Road with combined traffic counts of 24,800 vehicles per day. The site is located within Maple View Shopping Center and shadow-anchored by Jewel-Osco. Additional retailers surrounding the site include Ace Hardware, Dunkin’, Noodles & Company, Pet Supplies Plus, O’Reilly Auto Parts, AT&T, Dollar Tree, and Advance Auto Parts among others. The Property is also just west of Northwestern Medicine Hospital.