main image

7-ELEVEN ANCHORED | MEDTAIL CENTER | INFILL LOCATION

$1,947,000 | 7.40%

logo

839-847 North Dodge Avenue
Evanston, Illinois 60202

Download OM

Under Contract

CALL FOR OFFERS – DUE SEPTEMBER 28, 2021, 5 PM

Features

  • Medtail Center Anchored by 7-Eleven
    • 7-Eleven has Anchored this Property for Over 35 years
    • Recently Exercised Five-Year Option Taking Base Lease Term to 2026
    • 7-Eleven has Impeccable “AA-“ Credit Rating from Standard & Poor’s
    • This Tenant Makes up Approximately 37 Percent of the Property’s Income Stream
  • Extremely Stable Tenant Mix
    • Balance of Tenant Roster Includes Food, Medical and Service Users
    • Substantial Buildout Dollars Invested into Family Health Center and Physical Therapy Spaces
    • Desirable Combination of “Internet Resistant/Amazon Proof” Tenancy
    • Regularly Scheduled Rent Increases for Multiple Tenants
  • Fundamentally Strong Piece of Real Estate
    • Hard Corner, Stoplight Location with High Visibility
    • Two Points of Full Ingress/Egress off of Dodge Avenue and Main Street
    • Situated Across the Street from Major Traffic Driver (Robert Crown Community Center)
    • Dense, Infill Area with High Barriers to Entry
    • 24 Surface Parking Spaces
  • Excellent Demographics Surrounding the Property
    • Average Household Income Within a One-Mile Radius Exceeds $110,000
    • Population Within a Two-Mile Radius Exceeds 263,000 People
    • Less than Two Miles Away from Northwestern University

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

View All Listings