7-Eleven 1610 Walnut Ave

The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property positioned within the Chicago MSA in Hanover Park, Illinois. 7-Eleven recently executed a new 10-year lease extension through December 2034. 7-Eleven has an established operating history at this location since 1999. The lease is triple net which presents no landlord responsibilities. There are 10% rental escalations every five years throughout the primary term and two 5-year renewal options. 7-Eleven is an investment grade tenant, rated “A” by Standard & Poor’s. This deal also provides a low absolute rent of $51,000.
The 2,542 square-foot building benefits from its position just off Barrington Road which experiences over 28,500 vehicles per day. It is also located within close proximity to two primary thoroughfares, Irving Park Road (34,600 VPD) & the Elgin-O’Hare Expressway (69,000 VPD). Additionally, the 7-Eleven is shadow anchored by Hanover Square shopping center hosting a variety of tenants. Nearby retailers include Menards, Starbucks, Harbor Freight, Bank of America, McDonald’s, Tony’s Fresh Market, LA Fitness, Walmart Supercenter, and several others. Within a five-mile radius of the subject asset, the population exceeds 268,000 affluent individuals earning an average household income of $119,836.
7-Eleven, Inc. is the premier name in the U.S. convenience-retailing industry. Based in Irving, Texas, 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the U.S. and Canada. In addition to 7-Eleven stores, 7-Eleven, Inc. operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations. Known for its iconic brands such as Slurpee, Big Bite and Big Gulp, 7-Eleven has expanded into high-quality sandwiches, salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings and mini beef tacos. 7-Eleven offers customers industry-leading private brand products at outstanding value.