Net lease 7-Eleven For Sale | The Boulder Group in Chicago, Illinois For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant absolute net leased corporately guaranteed 7-Eleven property located within the Chicago MSA. The property is located in a densely populated area with approximately 28,000 people living within a one mile radius. 7-Eleven has successfully operated at this location since xxxx. The lease has six years remaining and expires September 30, xxxx. The lease has one 5-year renewal option with a 14.3% rental escalation. 7-Eleven is an investment grade tenant with a Standard & Poor?s rating of AA-.
The 7-Eleven property is located at the signalized intersection of Lincoln Avenue and Gross Point Road, a prime intersection that experiences traffic counts of 25,000 vehicles per day. The property is located approximately three-quarters of a mile from access to Interstate 94. Interstate 94 experiences traffic counts in excess of 155,000 vehicles per day. The property is located in a densely populated area with approximately 28,000 people living within a one mile radius. Additionally, there are over 145,000 people living within a three mile radius earning average household incomes in excess of $95,000 per annum. 7-Eleven has successfully operated at this located for almost fifty years due to its? strategic neighborhood location in one of Chicago?s more densely populated neighborhoods.
7-Eleven signed a 15 year lease extension in xxxx that expires September 30, xxxx. The lease is an absolute triple net and features one 5-year renewal option with a 14.3% rental escalation. 7-Eleven is the world?s largest retail store chain with more than 53,000 locations throughout the world. 7-Eleven is an investment grade rated company with a Standard & Poor?s rating of AA-.
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