404 East Palatine Road
Palatine, IL
Price:
$4,624,000
Cap Rate:
4.65%
NOI:
$215,000
Building Size:
Approx. 4,103 Sq. Ft.
Lot Size:
Approx. 0.68 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2021
Investment Overview
- 2021 Construction. 4,103+/- SF Building on 0.68+/- Acre Site
- Build-to-Suit with 7-Eleven, Inc. | Corporate Net lease w/ 7.5% Rental Increases Every 5 Years
- Signalized, Hard Corner Location at the Intersection of E Palatine Rd (16K VPD) and Northwest Hwy (38K VPD)
- Immediate Trade Area Features an est. Population of 246,000+ Within 5 Miles of Subject Property
- Strong Income Demographics w/ an est. $115,000 Within a 1 Mile Radius of the Site
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Palatine | Suburb of Chicago | Population: 68,847+
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