Urban-High Street
7-Eleven
191 W Adams St, Chicago, IL 60604
Listing Price: $4,400,000
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in 191 West Adams Street (the Property), a 2,700-square-foot ground-floor retail space in the base of the historic JW Marriott Chicago hotel, currently leased to 7-Eleven with over five years of term remaining on their original 10-year double net lease. The retail parcel is located in a 1.1 million-square-foot mixed-use building, including the 610-key JW Marriott Chicago Hotel, as well as the 232-key The LaSalle Chicago Autograph Collection hotel (opened 2022), and 221,000 square feet of office space. Located on the hard corner of Wells and Adams streets, the Property sits in Chicago’s central Loop and financial district, and is also positioned directly beneath one of the busiest “L” stops in downtown Chicago. The Property is only one block from Willis Tower, three blocks from Amtrak and Metra trains at Union Station, and five blocks from Google’s upcoming tech hub. Neighboring retail tenants include McDonald’s, Walgreens, Blackwood BBQ, Subway, FedEx, Starbucks and Citibank. This offering presents the unique opportunity to acquire a corporately guaranteed double net lease with significant rent increases in the five renewal options in the bustling central Loop of downtown Chicago.
7-Eleven
Investment Highlights
- Positioned Directly Beneath Quincy "L" Station — With Over 2.2 Million Annual Riders
- Located in the Heart of the Loop With a Daytime Population of Over 931,019 Within a Three-Mile Radius
- Rental Increases Every Five Years in Both Initial Term and Options
- Historic Downtown Location With Recent $396 Million Restoration to JW Marriott Hotel
- Rapidly Growing Local Population — Estimated Growth Rate of 6.57% Within One-Mile Radius
- Within Blocks of Google's New Tech Hub at the Thompson Center, Designed by Helmut Jahn and Currently Being Renovated to Suit Google Offices
Exclusively Listed By
Listing Price: $4,400,000
Investment Highlights
- Positioned Directly Beneath Quincy "L" Station — With Over 2.2 Million Annual Riders
- Located in the Heart of the Loop With a Daytime Population of Over 931,019 Within a Three-Mile Radius
- Rental Increases Every Five Years in Both Initial Term and Options
- Historic Downtown Location With Recent $396 Million Restoration to JW Marriott Hotel
- Rapidly Growing Local Population — Estimated Growth Rate of 6.57% Within One-Mile Radius
- Within Blocks of Google's New Tech Hub at the Thompson Center, Designed by Helmut Jahn and Currently Being Renovated to Suit Google Offices
Investment Overview
Marcus & Millichap is pleased to offer for sale the fee simple interest in 191 West Adams Street (the Property), a 2,700-square-foot ground-floor retail space in the base of the historic JW Marriott Chicago hotel, currently leased to 7-Eleven with over five years of term remaining on their original 10-year double net lease. The retail parcel is located in a 1.1 million-square-foot mixed-use building, including the 610-key JW Marriott Chicago Hotel, as well as the 232-key The LaSalle Chicago Autograph Collection hotel (opened 2022), and 221,000 square feet of office space. Located on the hard corner of Wells and Adams streets, the Property sits in Chicago’s central Loop and financial district, and is also positioned directly beneath one of the busiest “L” stops in downtown Chicago. The Property is only one block from Willis Tower, three blocks from Amtrak and Metra trains at Union Station, and five blocks from Google’s upcoming tech hub. Neighboring retail tenants include McDonald’s, Walgreens, Blackwood BBQ, Subway, FedEx, Starbucks and Citibank. This offering presents the unique opportunity to acquire a corporately guaranteed double net lease with significant rent increases in the five renewal options in the bustling central Loop of downtown Chicago.
Exclusively Listed By
