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Shopping Strip

7-Eleven Anchored | Medtail Center | Infill Location

839 Dodge Ave, Evanston, IL 60202

Listing Price: $1,947,000

Cap Rate
7.40%
Gross SF
7,137
Rentable SF
7,137
Price/Gross SF
$272.80
Lot Size
0.44 acres
Year Built
1983

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven Anchored | Medtail Center located in Evanston, Illinois. This Medtail Center is anchored by 7-Eleven who has recently exercised a five-year option taking base lease term to 2026. Tenant has occupied approximately 37 percent of properties income. This extremely stable tenant mix is a desirable combination of “Internet Resistant/Amazon Proof” tenancy. Balance of tenant roster includes food, medical and service users. Fundamentally strong piece of real estate located at a signalized, hard-corner intersection with high visibility with two points of ingress/egress. Situated across the street from major traffic driver (Robert Crown Community Center, New $70 Million Development) in a dense, infill area with high barriers to entry. Excellent demographics surrounding the property with an average household income of $110,000 within one-mile radius. Population of 263,000 people within a two-mile radius and less than two miles from Northwestern University.

Investment Highlights

  • Medtail Center Anchored by 7-Eleven
  • Extremely Stable Tenant Mix | Desirable Combination of "Internet Resistant/Amazon Proof" Tenancy
  • Fundamentally Strong Piece of Real Estate
  • Excellent Demographics Surrounding the Property
  • Situated Across the Street from Major Traffic Driver (Robert Crown Community Center)
  • 7-Eleven Recently Exercised Five-Year Option Taking Base Lease Term to 2026

Exclusively Listed By

Shopping Strip

7-Eleven Anchored | Medtail Center | Infill Location

Listing Price: $1,947,000

Cap Rate
7.40%
Gross SF
7,137
Rentable SF
7,137
Price/Gross SF
$272.80
Lot Size
0.44 acres
Year Built
1983

Investment Highlights

  • Medtail Center Anchored by 7-Eleven
  • Extremely Stable Tenant Mix | Desirable Combination of "Internet Resistant/Amazon Proof" Tenancy
  • Fundamentally Strong Piece of Real Estate
  • Excellent Demographics Surrounding the Property
  • Situated Across the Street from Major Traffic Driver (Robert Crown Community Center)
  • 7-Eleven Recently Exercised Five-Year Option Taking Base Lease Term to 2026

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven Anchored | Medtail Center located in Evanston, Illinois. This Medtail Center is anchored by 7-Eleven who has recently exercised a five-year option taking base lease term to 2026. Tenant has occupied approximately 37 percent of properties income. This extremely stable tenant mix is a desirable combination of “Internet Resistant/Amazon Proof” tenancy. Balance of tenant roster includes food, medical and service users. Fundamentally strong piece of real estate located at a signalized, hard-corner intersection with high visibility with two points of ingress/egress. Situated across the street from major traffic driver (Robert Crown Community Center, New $70 Million Development) in a dense, infill area with high barriers to entry. Excellent demographics surrounding the property with an average household income of $110,000 within one-mile radius. Population of 263,000 people within a two-mile radius and less than two miles from Northwestern University.

Exclusively Listed By

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