Auto Service - Gas-Conv

7-Eleven with Gas Station | Chicago MSA | 15-Year NNN Lease Qualifies for Accelerated Depreciation

15809 Illinois Rte 59, Plainfield (Chicago MSA), IL 60544

Listing Price: $3,750,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.10
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$1,071.43
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.57

Investment Overview

Plainfield is a City in Will and Kendall counties, Illinois, located 30 Miles Southwest from Chicago. Chicago-Naperville-Elgin is the third largest metro in the nation and is one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Fortune 500 companies headquartered in the metro include Boeing, Walgreens, Allstate and McDonald’s. The area is a major global tourist and convention destination. Last year, a record 55.2 million people visited the metro, supporting 146,500 jobs. Large tech firms such as Amazon, Groupon and Google attract startup companies. The workforce is considered one of the most diverse and well trained among major U.S. metros.

Investment Highlights

  • 15 Year NNN Lease Featuring 7.50% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2020 Construction with Gas Station and 15 Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 36k Vehicles.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Densely Populated & Affluent Chicago Suburb: Features an Average Household Income of $130k+ within a 1-Mile Radius and 167k+ People Residing within a 5-Mile Radius.
  • In Close Proximity to Louis Joliet Mall - A 1M+ Sq.Ft. Enclosed Shopping Center - Features more than 90 Retail Stores and a 14-Screen Cinemark Movie Theater.
  • Walking Distance from Plainfield Central High School - With an Enrollment of more than 2,065 Students.

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven with Gas Station | Chicago MSA | 15-Year NNN Lease Qualifies for Accelerated Depreciation

Listing Price: $3,750,000

Cap Rate
5.00%
Tenant Name
7-Eleven
Years Remaining On Lease
15.10
Gross SF
3,500
Guarantor
Corporate Guarantee
Rentable SF
3,500
Price/Gross SF
$1,071.43
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.57

Investment Highlights

  • 15 Year NNN Lease Featuring 7.50% Rental Increases Every 5 Years Throughout the Initial Term and Options. Brand New 2020 Construction with Gas Station and 15 Year Roof Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Combined Daily Traffic Counts Exceeding 36k Vehicles.
  • Ranked #159 on Fortune 500 List. S&P Investment Grade Credit Rating of "AA-" and an Annual Revenue of more than $63.74 Billion.
  • Densely Populated & Affluent Chicago Suburb: Features an Average Household Income of $130k+ within a 1-Mile Radius and 167k+ People Residing within a 5-Mile Radius.
  • In Close Proximity to Louis Joliet Mall - A 1M+ Sq.Ft. Enclosed Shopping Center - Features more than 90 Retail Stores and a 14-Screen Cinemark Movie Theater.
  • Walking Distance from Plainfield Central High School - With an Enrollment of more than 2,065 Students.

Investment Overview

Plainfield is a City in Will and Kendall counties, Illinois, located 30 Miles Southwest from Chicago. Chicago-Naperville-Elgin is the third largest metro in the nation and is one of the biggest economies in the nation and is buoyed by its distribution, finance, manufacturing operations and growing high-tech sectors. Fortune 500 companies headquartered in the metro include Boeing, Walgreens, Allstate and McDonald’s. The area is a major global tourist and convention destination. Last year, a record 55.2 million people visited the metro, supporting 146,500 jobs. Large tech firms such as Amazon, Groupon and Google attract startup companies. The workforce is considered one of the most diverse and well trained among major U.S. metros.

Exclusively Listed By

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