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
- As of 3/23/2020, 7-Eleven Stores Plan to Add 20K Jobs to Meet Demand
- 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