1512 Shermer Rd
Northbrook, IL 60062
7-Eleven Anchored Retail Center · Retail Property For Sale

Marcus & Millichap is pleased to offer the fee simple interest in a 7-Eleven Anchored Retail Center located in Northbrook, IL. This wealthy suburban enclave, located about 20 miles North of Chicago, is a high-barrier-to-entry, mature, infill market. Positioned across the street from the Northbrook Metra station, this 7-Eleven anchored retail center benefits from the resulting daily commuter traffic flows. The other tenants in the center are service oriented, forming a synergistic partnership with their anchor tenant. Since the property was built in the early 1970's, it has only sold once. The cash flow and tenancy has always been stable, with a long history of high occupancy. This is a well known asset with significant pride of ownership associated with it. There's a new tear-off roof with a transferable warranty and no known deferred maintenance. 7-Eleven's most recent annual gross receipts were more than 20 times their base rent, giving them a rent to sales ratio of 4.46%. This particular 7-Eleven is a Northbrook institution, serving the community since 1972. This is a rare opportunity to acquire a high performing real estate asset with limited downside.