1610 Walnut AveHanover Park, IL 60133

This exceptional investment opportunity presents a 2,542 square foot 7-Eleven convenience store located at 1610 Walnut Ave, Hanover Park, IL 60133, Cook County. The property boasts a strong 5.50% cap rate and a low net operating income (NOI) of $51,000. Built in 1999, this single-tenant, absolute NNN leased property features a credit-rated tenant with a remaining lease term of 10.1 years, extending to December 31, 2034, following a recent 10-year extension. The lease includes 10% rent bumps every five years and two five-year renewal options. Situated on a 0.27-acre lot, the property benefits from its high-traffic location just off Barrington Road (28,500 vehicles per day), near Irving Park Road (34,600 VPD) and the Elgin-O'Hare Expressway (69,000 VPD). The property is shadow-anchored by the Hanover Square shopping center, and enjoys proximity to numerous national retailers including Menards, Starbucks, Harbor Freight, Bank of America, McDonald's, Tony's Fresh Market, LA Fitness, and a Walmart Supercenter. The affluent area boasts over 268,000 residents within a five-mile radius, with an average household income exceeding $119,836. This presents a compelling investment opportunity with a stable, high-quality tenant and significant upside potential. The asking price is $927,273, translating to $364.78 per square foot.