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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

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
3,245
Lease Type
Absolute Net
Rent Per Square Feet
$61.12

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

    (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: $3,966,761

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
8.3
Guarantor
Corporate Guarantee
Rentable SF
3,245
Lease Type
Absolute Net
Rent Per Square Feet
$61.12

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

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

Financing By

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