7-Eleven Melrose Park, IL

2400 West North Avenue
Melrose Park, IL

Price: $5,962,080
Cap Rate: 5.00%
NOI: $298,104
Building Size: Approx. 3,016 Sq. Ft.
Lot Size: Approx. 1.09 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2019

Investment Overview

  • 2019 Construction 3,016+/- SF Building on 1.09 +/- Acre Site
  • 15-year Corporate Absolute NNN Lease with 7.5% rent increases every 5-years in primary term and option periods
  • Strategically located at the southeast corner of W. North Ave. (50,400 VPD) and 25th Ave. (18,400 VPD) | 6-miles south from O’Hare International Airport
  • 25th is a popular commercial corridor with high traffic counts and also connects surrounding communities
  • 3-miles Radius | 164,817 people with an average household income of $80,532
  • Less than 1-mile from Winston Plaza, a 411,101 SF shopping center anchored by Target and other national credit tenants such as AutoZone, Walgreens, Chick-Fil-A and many more
  • Approximately 15-miles from downtown Chicago, IL | Chicago 3rd largest city in the US