404 E Palatine Rd
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
- 15-Years with 12 Remaining, NNN 7.5% Rental Increases Every 5-Years
- Signalized Corner Location Less than 1 Mile from Downtown Palatine & Less than 10 Miles from O’Hare International Airport
- Intersection Features a Combined 42,200+ VPD
- Easy Access to Major Roads Such as Route 53, Interstate 90 (I-90), and Interstate 290 (I-290)
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Palatine | 30 Miles from Downtown Chicago, IL | Population: 67,223+ (MSA Population: 9.57M+)