Fifth Third Bank | Lake Forest, IL

For Sale

Fifth Third Bank | Lake Forest, IL

Asking Price: $6,390,000 | Cap Rate: 5%

• Net Operating Income: $319,347
• Weighted Avg. Lease Term (WALT): 16.9 Years
• Lease Type: Ground

Property Highlights

• Ground leased to Fifth Third Bank (S&P: BBB+) with a corporate guarantee featuring zero landlord responsibilities. Tenant has more than 16.5 years remaining on the initial lease term with scheduled annual rental increases (CPI Escalator).
• Fifth Third Bank has operated at this location for over 23 years, demonstrating a strong and stable presence within the market. Fifth Third Bank saw continued growth in key areas in 2025, including 13% year-over-year growth in Wealth and Asset Management
• Situated in highly sought-after Lake County, known for its tax-friendly environment and ranking as the third-largest county in Chicago MSA (714,342 population). The property is directly adjacent to the Metra North Line
• The branch features a larger-than-average footprint compared to traditional bank locations, reinforcing its importance within the market. Annual deposits at this location exceed $113 Million per year