Canadian Imperial Bank of Commerce- DRIVETHRU

20-YEAR CORPORATELY GUARANTEED GROUND LEASE
This investment features a 20-year corporately guaranteed ground lease with CIBC, one of the “big five” Canadian banks with over 11 million clients and 45,000 employees. CIBC has the option to terminate the lease in year 15, however the tenant must give 12 months’ notice.

A+ INVESTMENT GRADE CREDIT RATING
CIBC Bank has an investment grade credit rating of A+ from the S&P. An investment grade credit rating provides investment security and stability.

BRAND NEW CONSTRUCTION
This CIBC Banking Center is a new location expected to open October 2020. This build-out features CIBC’s most modern facade.

TOP-TIER MARKET - CHICAGO MSA
The subject property is located within the Chicago MSA, which has a population of over 9.4M residents. There is currently a population of +/- 673,921 within a 5-mile radius of the asset.

+/- $200M DEPOSIT AVERAGE IN COOK COUNTY
According to the FDIC, CIBC Bank is among the top 5 banks in Cook County with over $16B in deposits representing a 5.6% market share. The average deposit count for CIBC branches in Cook County is +/- $200M. If the subject location maintains this average, it would hold the highest deposits of branches in the surrounding area.

EQUIPPED WITH DRIVE-THRU
Due to the ensuing COVID-19 pandemic, banks are experiencing a trend to go to drive-thru only for the safety of the customers and the bank employees. The drive-thru component better positions the asset for the future as more business models switch to a contactless service as a result of COVID-19.

SHADOW-ANCHORED BY FULL-SERVICE GROCERY RETAILER - MARIANO’S
This location is shadow-anchored by full-service grocer Mariano’s, a subsidiary of grocery giant Kroger. Despite the COVID-19 pandemic, grocery-anchored retail has seen rises in consumer traffic. This location will likely benefit from the steady consumer traffic generated by Mariano’s.

EXCELLENT ACCESSIBILITY
This CIBC branch is located on South Martin Luther King Drive, which experiences +/-13,000 VPD. Additionally, it is positioned within walking distance of two public rail stops.

LOCATED IN OPPORTUNITY ZONE
Investors have the unique opportunity to take advantage of the tax incentives associated with owning a property in an Opportunity Zone.