Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 7320 Grand Avenue (the “Property”), a 100% leased, single-tenant absolute NNN ground lease investment located in Gurnee, Illinois. The Property is leased to Libertyville Bank & Trust, a wholly owned subsidiary of Wintrust Financial Corporation operating as Gurnee Community Bank, on a brand new 20-year ground lease. Wintrust Financial Corporation boasts the third largest market share in the Chicago MSA.
The Property consists of a new construction bank branch with a double drive-thru, situated on approximately 1.10 acres of land. The Property is scheduled for delivery in Summer of 2026, with rent having already commenced in February 2026, providing immediate income upon acquisition. The ground lease structure ensures zero landlord management, with the tenant responsible for all operating expenses, maintenance, and capital expenditures.
The Property is prominently positioned along Grand Avenue, a primary commercial corridor in Gurnee characterized by strong traffic volumes and a dense concentration of national retailers. The surrounding trade area includes Walmart Supercenter, Sam’s Club, Aldi, Mariano’s, Walgreens, The Home Depot, Binny’s Beverage Depot, Target, Chick-fil-A, Raising Cane’s, Jewel-Osco, Best Buy, and Menards, among others, driving consistent consumer traffic to the corridor.
Strategically located in a dominant retail node, the Property benefits from strong area fundamentals and accessibility, with convenient proximity to Interstate 94 and the greater North Suburban Chicago market. The surrounding area is supported by solid demographics, including a 1-mile population of over 67,000, average household income exceeding $95,000, and a median home value of more than $360,000.
⦿ STRONG REGIONAL BANK TENANT BACKED BY $60+ BILLION PLATFORM
⦿ LONG-TERM ABSOLUTE NNN GROUND LEASE WITH ZERO LANDLORD RESPONSIBILITIES
⦿ BUILT-IN RENT GROWTH WITH 10% INCREASES EVERY 5 YEARS
⦿ 2026 DELIVERY WITH DOUBLE DRIVE-THRU AND IMMEDIATE CASH FLOW
⦿ SIGNALIZED INTERSECTION WITH 41,000+ VPD AND STRONG DEMOGRAPHICS
⦿ ESTABLISHED RETAIL CORRIDOR WITH NATIONAL CO-TENANCY