7-Eleven Palatine, IL

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+