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7-Eleven | New 15-Year Lease | Chicago MSA

Listing Price: $3,990,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.30
Guarantor
Corporate Guarantee
Rentable SF
3,010
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.28

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven | New 15-Year Lease | Chicago MSA located in Downers Grove, Illinois. This new construction is built-to-suit for 7-Eleven with rent estimated to commence December 31, 2020. The tenant holds a new 15-year lease that includes a corporate guarantee and rental increases of 7.5 percent every five years. The property is situated on the signalized, hard corner intersection of 63rd Street and Main Street with 50,500 combined vehicles passing per day. The tenant shares the intersection with Jewel-Osco, CVS, Ace Hardward, Chase Bank, and Dairy Queen.

Investment Highlights

  • New Construction | Built-to-Suit for 7-Eleven in 2020
  • National Tenant | "AA-" Standard and Poor's Credit Rating
  • Brand New Lease | 15-Year Term | Corporately Guaranteed
  • Situated on the Signalized, Hard Corner Intersection of 63rd Street and Main Street
  • Major Retailers Located at Intersection Include Jewel-Osco Grocery Store, CVS, Ace Hardware, Chase Bank, and Dairy Queen
  • Excellent Demographics

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven | New 15-Year Lease | Chicago MSA

Listing Price: $3,990,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.30
Guarantor
Corporate Guarantee
Rentable SF
3,010
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$66.28

Investment Highlights

  • New Construction | Built-to-Suit for 7-Eleven in 2020
  • National Tenant | "AA-" Standard and Poor's Credit Rating
  • Brand New Lease | 15-Year Term | Corporately Guaranteed
  • Situated on the Signalized, Hard Corner Intersection of 63rd Street and Main Street
  • Major Retailers Located at Intersection Include Jewel-Osco Grocery Store, CVS, Ace Hardware, Chase Bank, and Dairy Queen
  • Excellent Demographics

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven | New 15-Year Lease | Chicago MSA located in Downers Grove, Illinois. This new construction is built-to-suit for 7-Eleven with rent estimated to commence December 31, 2020. The tenant holds a new 15-year lease that includes a corporate guarantee and rental increases of 7.5 percent every five years. The property is situated on the signalized, hard corner intersection of 63rd Street and Main Street with 50,500 combined vehicles passing per day. The tenant shares the intersection with Jewel-Osco, CVS, Ace Hardward, Chase Bank, and Dairy Queen.

Exclusively Listed By

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