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Auto Service - Gas-Conv

7-Eleven NNN with Seven Years Remaining

E Ogden Ave, La Grange, IL 60525

Listing Price: $2,773,563

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.85

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven Located in La Grange, Illinois This national “AA-” credit rated tenant is internet-resistant. Tenant took an early renewal with seven years remaining on the triple-net lease. There is ten percent rental increase at each option with three, five-year options remaining. Long operating history with tenant operating since 2000. Part of Exxon Gas Station with the nearest gas station on Ogden to the west is 3.4 miles away. High barrier to entry market in an affluent, infill location. Within three miles there is a population of 105,716 and the average household income is $125,324. Ideally located along Route 34, steps from downtown La Grange with 25,600 vehicles passing per day. Positioned on a signalized, hard-corner intersection on heavily traveled Ogden Avenue. 25,600 vehicles passing per day and half a mile to Route 45 with 19,250 vehicles passing per day. Situated between two different Metra BNSF rail stations, both within less than one mile (15,468,014 total annual ridership).

Investment Highlights

  • National "AA-" Credit Rated, Internet-Resistant Tenant | 7-Eleven
  • Early Renewal | Seven Years Remaining on the Triple-Net Lease | Ten Percent Rental Increase at Each Option
  • Long Operating History | Operating Since 2000
  • Nearest Gas Station on Ogden to the West is 3.4 Miles Away
  • High Barrier to Entry Market in an Affluent, Infill Location
  • Ideally Located Along Route 34, Steps from Downtown La Grange | 25,600 Vehicles Passing per Day
  • Positioned on a Signalized, Hard-Corner Intersection on Heavily Traveled Ogden Avenue
  • Situated Between Two Different Metra BNSF Rail Stations | Both Within Less Than One Mile | 15,468,014 Total Annual Ridership

Exclusively Listed By

Auto Service - Gas-Conv

7-Eleven NNN with Seven Years Remaining

Listing Price: $2,773,563

Cap Rate
5.50%
Tenant Name
7-Eleven
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.85

Investment Highlights

  • National "AA-" Credit Rated, Internet-Resistant Tenant | 7-Eleven
  • Early Renewal | Seven Years Remaining on the Triple-Net Lease | Ten Percent Rental Increase at Each Option
  • Long Operating History | Operating Since 2000
  • Nearest Gas Station on Ogden to the West is 3.4 Miles Away
  • High Barrier to Entry Market in an Affluent, Infill Location
  • Ideally Located Along Route 34, Steps from Downtown La Grange | 25,600 Vehicles Passing per Day
  • Positioned on a Signalized, Hard-Corner Intersection on Heavily Traveled Ogden Avenue
  • Situated Between Two Different Metra BNSF Rail Stations | Both Within Less Than One Mile | 15,468,014 Total Annual Ridership

Investment Overview

Marcus & Millichap is pleased to present 7-Eleven Located in La Grange, Illinois This national “AA-” credit rated tenant is internet-resistant. Tenant took an early renewal with seven years remaining on the triple-net lease. There is ten percent rental increase at each option with three, five-year options remaining. Long operating history with tenant operating since 2000. Part of Exxon Gas Station with the nearest gas station on Ogden to the west is 3.4 miles away. High barrier to entry market in an affluent, infill location. Within three miles there is a population of 105,716 and the average household income is $125,324. Ideally located along Route 34, steps from downtown La Grange with 25,600 vehicles passing per day. Positioned on a signalized, hard-corner intersection on heavily traveled Ogden Avenue. 25,600 vehicles passing per day and half a mile to Route 45 with 19,250 vehicles passing per day. Situated between two different Metra BNSF rail stations, both within less than one mile (15,468,014 total annual ridership).

Exclusively Listed By

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