404 Palatine Rd - Convenience Store FOR SALE


Palatine, IL 60074
$4,300,000 USD
214-915-8890
404 Palatine Rd, Palatine, IL for Sale
$4,300,000 USD
Convenience Store - FOR SALE
1/8
null | 5% Cap Rate

404 Palatine Rd
Palatine, IL 60074


HIGHLIGHTS

  • 2021 Construction. 3,010+/- SF Building on 0.79+/- Acre Site
  • 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+)

OVERVIEW

15-Years with 12 Remaining, NNN 7.5% Rental Increases Every 5-Years

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$1,429 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

02-14-408-027-0000

ASK ABOUT THIS PROPERTY

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bob MoorheadSecure Net LeaseMore Info
214-915-8890

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.