404 East Palatine Road
Palatine, IL
Price:
$4,300,000
Cap Rate:
5.00%
NOI:
$215,000
Building Size:
Approx. 3,010 Sq. Ft.
Lot Size:
Approx. 0.79 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 3,010+/- SF Building on 0.79+/- Acre Site
- Brand New 15-Year Corporate Net Lease w/ 7.5% Rent Bumps
- Subject Property is a New Build-To-Suit with 7-Eleven, Inc.
- High Traffic Location at the Signalized Intersection of E Palatine Rd & Route 14
- Near Dollar Tree, Starbucks, Taco Bell, Walgreens, AutoZone
- Strong Income Demos with $132,393 within a 5-mile Radius
- Palatine | Suburb of Chicago | Population: 68,000+