Property Description
HMX Realty Advisors exclusively presents for sale a PNC Bank (S&P A-) ground lease located on 0.85 acres in one of the wealthiest communities in the Chicago MSA. The bank has high deposits exceeding $90 million, four drive-through lanes, and just exercised their second to last option early.
Tenant Overview:
The PNC Financial Services Group, Inc. (NYSE: PNC) (S&P: A) operates as a diversified financial services company in the United States and internationally. The bank operates 2,200 branches in 28 states. In 2024, PNC had revenue of 21.5 billion and total assets of 555 billion.
Property Features:
The bank is a pad site to TJ Maxx, HomeGoods, Shop & Save Market, Old Navy, and Best Buy.
Other pad sites at the center include Panera Bread and Burger King. Kohl’s and Ross Dress for Less are across the intersection.
The property is located on Lemont Road, which has average daily traffic of 21,000 vehicles. It is just off the corner of 75th Street, which sees traffic counts of 33,900 vehicles per day.
The bank is part of Downers Park Plaza, a grocery-anchored shopping center.
Location Overview:
Downers Grove offers an exceptional location within the world’s 3rd largest metropolitan area, the Chicago MSA (9.5 million population), with a diversified economy and a $561 billion annual gross regional product.
Over 400 major corporate headquarters are located in the area, offering convenient access to Chicago with a 25-minute train ride to downtown.
The property is near Naperville, consistently ranked among the wealthiest, safest, and most educated cities in the Midwest and nation.
