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Exceptional investment opportunity: a 3,062 square foot 7-Eleven convenience store and gas station in Addison, Illinois, boasting a 5.00% cap rate and a strong corporate guarantee. This 2021-built, NNN-leased property sits on a 0.54-acre lot and benefits from a 15-year lease (with four 5-year renewal options) commencing February 1, 2021, and expiring February 1, 2036, leaving 11.2 years remaining. The lease includes 7.5% rent bumps every five years. The property's strategic location just off I-355 (38,200+ vehicles per day), a major north-south interstate with direct access to Chicago's suburbs, ensures high visibility and accessibility. The immediate trade area has an estimated population of 275,000+, and the property is near a large UPS hub and numerous industrial and retail businesses. The property's strong tenant, 7-Eleven (S&P rated A), is the world's largest convenience store operator, with over 85,000 locations. The Addison location is approximately 20 miles from downtown Chicago, within a MSA population exceeding 9.4 million. The Net Operating Income (NOI) is $195,750, and the asking price is $3,915,000, resulting in a price per square foot of $1,278.58. This property presents a compelling opportunity for investors seeking a stable, high-performing asset in a prime location. 100% occupancy. DuPage County, IL zip code 60101.
Highlights
2021-built, 3,062 square foot building on a 0.54-acre lot.
15-year NNN lease with 7.5% rent increases every five years; four 5-year renewal options.
Prime location off I-355 (38,200+ VPD), providing excellent visibility and access to Chicago's suburbs.
Proximity to a major UPS hub and substantial industrial/retail businesses.
Strong trade area with an estimated population of 275,000+.
7-Eleven (S&P rated A) corporate guarantee; world's largest convenience store operator.
Property Details
for 1740 Army Trail Blvd
Property type
Other retail properties, Individual retail properties
Square Feet
3,062 SF
Year Built
2021
Lot Size (sq. ft)
23,522 SF
Location Insight
City
Addison
County
DuPage
State
Illinois
Latitude
41.9317811
Longitude
-88.0316085
1740 Army Trail Blvd, Addison, Illinois
Nearby Similar for Sale
For Sale
$725,000
Addison Storefront - $725,000
Prime retail location, vacant storefront, high traffic.
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