7-Eleven Arlington Heights, IL

1650 West Algonquin Road
Arlington Heights, IL

Price: $3,903,000
Cap Rate: 5.00%
NOI: $195,100
Building Size: Approx. 3,062 Sq. Ft.
Lot Size: Approx. 0.64 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 2020

Investment Overview

  • 2020 Construction. 3,062+/- SF Building on 0.64+/- Acre Site
  • New 15-Year Corporate Lease with 7.5% Rent Bumps Every 5-Years
  • Located along Algonquin Rd and New Wilke Rd, combined 50K VPD
  • Signalized Intersection, just N of I-90 “Jane Addams Memorial Toll”
  • Near Walmart, Lowe’s, Costco, PetSmart, Starbucks, McDonalds, Shell
  • Arlington Heights is a highly desirable suburb of Chicago, 33-Miles NW
  • Strong Income Demographics w/ est. $111,145 within a 3-Mile Radius
  • Chicagoland (MSA) | 3rd Largest in the U.S. | Population: 9.83 Million+