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7-Eleven 404 Palatine Rd 3,010 SF Retail Building Palatine, IL 60074 $4,300,000 ($1,428.57/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 2021 Construction. 3,010+/- SF Building on 0.79+/- Acre Site
- Intersection Features a Combined 42,200+ VPD
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World with Over 85,000 Stores
- Signalized Corner Location Less than 1 Mile from Downtown Palatine & Less than 10 Miles from O’Hare International Airport
- Easy Access to Major Roads Such as Route 53, Interstate 90 (I-90), and Interstate 290 (I-290)
- Palatine | 30 Miles from Downtown Chicago, IL | Population: 67,223+ (MSA Population: 9.57M+)
EXECUTIVE SUMMARY
15-Years with 11+ Remaining, NNN 7.5% Rental Increases Every 5-Years
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,010 SF
Building Class
B
Year Built
2021
Price
$4,300,000
Price Per SF
$1,428.57
Cap Rate
5%
NOI
$215,001
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.79 AC
Zoning
F1 - Commercial
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-14-408-027-0000 | Improvements Assessment | $342,247 |
| Land Assessment | $110,801 | Total Assessment | $453,048 |
PROPERTY TAXES
Parcel Number
02-14-408-027-0000
Land Assessment
$110,801
Improvements Assessment
$342,247
Total Assessment
$453,048
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7-Eleven | 404 Palatine Rd
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