Chicago Investment Firm Acquires Fifth Third Bank Ground Lease In Oswego For $3.8M
2660 Us Route 34
$3,800,000
$889/SF
Building Size
4,273 SF
Asset Type
Retail
Closing
Aug 14, 2026
AI
A retail property consisting of a single-tenant Fifth Third Bank ground lease was sold for $3,800,000. This asset, located at 2660 U.S. Route 34 in Oswego, Illinois, spans 4,273 square feet, achieving a price per square foot of $889.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Address: 2660 Us Route 34
- Market: Oswego, IL
- Square Footage: 4,273
- Price per Square Foot: $889
- Brokerage: The Boulder Group
- Brokers: Randy Blankstein, Jimmy Goodman, John Feeney
- Sale Date: 08/14/2026
- Lease Type: Triple-Net Lease
- Lease Duration Remaining: Approximately nine years
- Rent Escalations: 10% every five years
A West Coast-based real estate firm conducted the sale to a Chicago investment firm through a 1031 exchange, indicating a strategic investment maneuver within the property market.
Players
Highway Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93