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7-ELEVEN | NEW 10-YEAR EXTENSION

$3,011,333 | 5.00%

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6801 North Western Avenue
Chicago, Illinois 60645

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Under Contract

Features

  • Essential, Global-Tenant | 7-Eleven | “AA-” Standard and Poor’s Credit Rating
    • Over 71,000 Locations Globally | 14,000 Locations Nationally
    • $61 Billion in 2020 Sales
  • Corporately Guaranteed, Triple-Net Lease with 9.5 Years Remaining
    • Zero Landlord Responsibilities
    • Four, Five-Year Options Remaining with 10 Percent Rental Increases
    • Corporately Guaranteed by 7-Eleven Incorporated
  • Long Operating History | Tenant has Occupied Space Since 2002
  • Situated on a Heavily Traveled, Signalized, Hard-Corner Intersection
    • 34,400 Total Vehicles Passing per Day
  • Excellent Real Estate Fundamentals
    • 23 Surface Spaces
    • High Daytime and Nighttime Foot Traffic | Walk Score of 77, “Very Walkable” (WalkScore.com)
    • Adjacent to Chicago Public Library Northtown Branch and Senior Housing Development
      • Newer, Modernized Branch, Opened in March 2019 | $300 Million Development
      • 44 One-Bedroom Apartments
  • Located in a Heavily Populated Area | 204,018 People Live Within Two Miles of Subject Property with an Average Household Income of $84,809
  • Situated in the Thriving West Ridge Neighborhood of Chicago
    • Known as One of the Most Diverse Areas in Chicago | Home to the Midwest’s Largest Hasidic Community, as well as other Jewish, Irish-American, German-American, Indian, Pakistani, Bangladeshi, Assyrian, Russian, and Korean Immigrant Communities
    • Devon Avenue | High Trafficked Area Due to Many Authentic Restaurants, Traditional Bakeries, Clothing Shops, and International Grocers

 

Contact

AUSTIN WEISENBECK
Senior Vice President Investments
Tel: (630) 570-2169
Austin.Weisenbeck@marcusmillichap.com
* Broker of Record: Steven Weinstock

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