Auto Service - Gas-Conv
Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability
630 W Rand Rd, Mount Prospect, IL 60056
Listing Price: $3,966,761
Investment Overview
CORPORATE-GUARANTEED 7-ELEVEN LEASE 8.5 YEARS REMAINING
Corporate 7-Eleven Guaranty With Lease Term Through December 31, 2034; Current NOI Of $198,338.04 And Three, 5-Year Renewal Options Remain
?NNN LEASE STRUCTURE LIMITED LANDLORD RESPONSIBILITY
Tenant Pays Operating Expenses Under A Triple- Net Lease Structure; Landlord Responsibility Is Limited To Structure And Foundation?
7.5% RENT INCREASES EVERY 5 YEARS
Contractual Escalations Increase Rent To $213,213 In 2030 And Up To $264,873.96 In The Final Option Period, Representing Approximately 34% Growth From Current Rent If All Options Are Exercised
24/7 FUEL & CONVENIENCE STORE RAND ROAD CORRIDOR
Freestanding 3,245 SF 7-Eleven On A 0.76-Acre / 34,000 SF Parcel; Official Store Profile Lists The Location As Open 24/7 With Fuel And Diesel Service
?DENSE INFILL CHICAGO SUBURBAN TRADE AREA 332K+ RESIDENTS WITHIN 5 MILES
Mount Prospect Reported A 2024 Population Of 55,472, While The Subject Site Benefits From 332,668 Residents And 194,199 Daytime Population Within A 5-Mile Radius?
RANDHURST RETAIL NODE COSTCO, AMC, HOME DEPOT & JEWEL-OSCO
Located Along Mount Prospect’s Established Rand Road Retail Corridor Near Randhurst Village, A Major Shopping Destination Anchored By Costco, AMC Theatres, Home Depot, Jewel-Osco, PetSmart And TJ Maxx
Investment Highlights
- Corporate-Guaranteed 7-Eleven Lease | 8.5 Years Remaining
- NNN Lease Structure | Limited Landlord Responsibility
- 7.5% Rent Increases Every 5 Years
- 24/7 Fuel & Convenience Store | Rand Road Corridor
- Dense Infill Chicago Suburban Trade Area | 332K+ Residents Within 5 Miles
- Randhurst Retail Node | Costco, AMC, Home Depot & Jewel-Osco
Exclusively Listed By
Broker of Record
-
Steven Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By
Auto Service - Gas-Conv
Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability
Listing Price: $3,966,761
Investment Highlights
- Corporate-Guaranteed 7-Eleven Lease | 8.5 Years Remaining
- NNN Lease Structure | Limited Landlord Responsibility
- 7.5% Rent Increases Every 5 Years
- 24/7 Fuel & Convenience Store | Rand Road Corridor
- Dense Infill Chicago Suburban Trade Area | 332K+ Residents Within 5 Miles
- Randhurst Retail Node | Costco, AMC, Home Depot & Jewel-Osco
Investment Overview
CORPORATE-GUARANTEED 7-ELEVEN LEASE 8.5 YEARS REMAINING Corporate 7-Eleven Guaranty With Lease Term Through December 31, 2034; Current NOI Of $198,338.04 And Three, 5-Year Renewal Options Remain ?NNN LEASE STRUCTURE LIMITED LANDLORD RESPONSIBILITY Tenant Pays Operating Expenses Under A Triple- Net Lease Structure; Landlord Responsibility Is Limited To Structure And Foundation? 7.5% RENT INCREASES EVERY 5 YEARS Contractual Escalations Increase Rent To $213,213 In 2030 And Up To $264,873.96 In The Final Option Period, Representing Approximately 34% Growth From Current Rent If All Options Are Exercised 24/7 FUEL & CONVENIENCE STORE RAND ROAD CORRIDOR Freestanding 3,245 SF 7-Eleven On A 0.76-Acre / 34,000 SF Parcel; Official Store Profile Lists The Location As Open 24/7 With Fuel And Diesel Service ?DENSE INFILL CHICAGO SUBURBAN TRADE AREA 332K+ RESIDENTS WITHIN 5 MILES Mount Prospect Reported A 2024 Population Of 55,472, While The Subject Site Benefits From 332,668 Residents And 194,199 Daytime Population Within A 5-Mile Radius? RANDHURST RETAIL NODE COSTCO, AMC, HOME DEPOT & JEWEL-OSCO Located Along Mount Prospect’s Established Rand Road Retail Corridor Near Randhurst Village, A Major Shopping Destination Anchored By Costco, AMC Theatres, Home Depot, Jewel-Osco, PetSmart And TJ Maxx
Exclusively Listed By
Broker of Record
-
Steven Weinstock
Senior Managing Director, Market Leader - Chicago
Financing By