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Auto Service - Gas-Conv

Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

6301 Main St, Downers Grove, IL 60516

Listing Price: $4,289,261

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
3,010
Lease Type
Absolute Net
Rent Per Square Feet
$71.25

Investment Overview

CORPORATE 7-ELEVEN LEASE NNN STRUCTURE
9.6 Years Remaining On A Corporate- Guaranteed NNN Lease Backed By 7-Eleven, Inc.; Tenant Handles Taxes, Insurance And Operating Expenses While Landlord Retains Structure & Foundation

?7.5% RENT BUMPS EVERY 5 YEARS CONTRACTUAL NOI GROWTH
Current Annual Rent Of $214,463 Steps To $230,548 In 2031; Three 5-Year Options Extend Potential Lease Control Through January 2051 With Continued 7.5% Increases Every Five Years?

2020 CONSTRUCTION MODERN FUEL & CONVENIENCE STORE ASSET
3,010-SF Building On A 0.65-Acre / 28,345- SF Parcel; The Store Operates 24/7 With Fuel, Diesel, Mobile Checkout, Amazon Locker, ATM, Lottery And Other Convenience-Oriented Features

?SIGNALIZED HARD CORNER 38,300 TOTAL VPD
Positioned At The Signalized Hard-Corner Intersection Of 63rd Street And Main Street With Reported Combined Traffic Of Approximately 50,500 Vehicles Per Day; Nearby National Retail Includes Jewel Osco, CVS, Ace Hardware, Chase Bank And Dairy Queen

?AFFLUENT, DENSE SUBURBAN TRADE AREA
2025 Demographics Show 246,428 Residents Within Five Miles, 182,395 Daytime Population And $136,556 Average Household Income; One-Mile Average Household Income Exceeds $153,000

?CHICAGO MSA SCALE 9.4M+ POPULATION AND $886B ECONOMY
The Asset Sits Within The Chicago-Naperville-Elgin MSA, A 9.4M+ Population Market Anchored By An $886B Regional Economy, Nearly 5M-Person Labor Force And Diverse Industry Base With No Single Lease Type NNN Sector Exceeding 13% Of GDP

Investment Highlights

  • Corporate 7-Eleven Lease | NNN Structure
  • 7.5% Rent Bumps Every 5 Years | Contractual NOI Growth
  • 2020 Construction | Modern Fuel & Convenience Store Asset
  • Signalized Hard Corner | 38,300 Total VPD
  • Affluent, Dense Suburban Trade Area
  • Chicago MSA Scale | 9.4M+ Population And $886B Economy

Exclusively Listed By

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Financing By

Auto Service - Gas-Conv

Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Listing Price: $4,289,261

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
9.4
Guarantor
Corporate Guarantee
Rentable SF
3,010
Lease Type
Absolute Net
Rent Per Square Feet
$71.25

Investment Highlights

  • Corporate 7-Eleven Lease | NNN Structure
  • 7.5% Rent Bumps Every 5 Years | Contractual NOI Growth
  • 2020 Construction | Modern Fuel & Convenience Store Asset
  • Signalized Hard Corner | 38,300 Total VPD
  • Affluent, Dense Suburban Trade Area
  • Chicago MSA Scale | 9.4M+ Population And $886B Economy

Investment Overview

CORPORATE 7-ELEVEN LEASE NNN STRUCTURE 9.6 Years Remaining On A Corporate- Guaranteed NNN Lease Backed By 7-Eleven, Inc.; Tenant Handles Taxes, Insurance And Operating Expenses While Landlord Retains Structure & Foundation ?7.5% RENT BUMPS EVERY 5 YEARS CONTRACTUAL NOI GROWTH Current Annual Rent Of $214,463 Steps To $230,548 In 2031; Three 5-Year Options Extend Potential Lease Control Through January 2051 With Continued 7.5% Increases Every Five Years? 2020 CONSTRUCTION MODERN FUEL & CONVENIENCE STORE ASSET 3,010-SF Building On A 0.65-Acre / 28,345- SF Parcel; The Store Operates 24/7 With Fuel, Diesel, Mobile Checkout, Amazon Locker, ATM, Lottery And Other Convenience-Oriented Features ?SIGNALIZED HARD CORNER 38,300 TOTAL VPD Positioned At The Signalized Hard-Corner Intersection Of 63rd Street And Main Street With Reported Combined Traffic Of Approximately 50,500 Vehicles Per Day; Nearby National Retail Includes Jewel Osco, CVS, Ace Hardware, Chase Bank And Dairy Queen ?AFFLUENT, DENSE SUBURBAN TRADE AREA 2025 Demographics Show 246,428 Residents Within Five Miles, 182,395 Daytime Population And $136,556 Average Household Income; One-Mile Average Household Income Exceeds $153,000 ?CHICAGO MSA SCALE 9.4M+ POPULATION AND $886B ECONOMY The Asset Sits Within The Chicago-Naperville-Elgin MSA, A 9.4M+ Population Market Anchored By An $886B Regional Economy, Nearly 5M-Person Labor Force And Diverse Industry Base With No Single Lease Type NNN Sector Exceeding 13% Of GDP

Exclusively Listed By

Broker of Record

  • Steven Weinstock

    Senior Managing Director, Market Leader - Chicago

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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