1740 Army Trail BlvdAddison, IL 60101

For Sale
$3,915,000

High-Cap Rate, Chicago MSA Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
92
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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1740 Army Trail Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message