7-Eleven Palatine, IL

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+