7-Eleven Center | Palos Heights, IL | 6350 W 135th St
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7-Eleven Center | Palos Heights, IL 6350 W 135th St
7,800 SF Retail Building Palos Heights, IL 60463 $2,710,000 ($347/SF) 6.75% Cap Rate
Investment Highlights
- 7-Eleven Anchored Center: Corporate guaranteed lease with investment-grade tenant (S&P: A, Moody’s: Baa2)
- Expressway Accessible: 3 miles from I-294, which connects the northwest & southwest suburbs of Chicago and experiences over 150,000 vehicles per day
- Proximity to MDW: Located 11.5 miles S of Midway Intern Airport, underwent a $400M capital improvement program & sees over 22M travelers per year
- Immediate Stability with Long-Term Upside: An additional 4,800 sq ft of small box space alongside 7-Eleven is either vacant or leased at below market
- Chicago MSA: 3rd most populous city in the U.S. (2.7 million people) and 3rd largest MSA in the U.S. (10 million people)
- Ease of Access: The subject property has its own dedicated points of ingress/egress along West 135th Street and Ridgeland Avenue
Executive Summary
Long-Term Historical Occupancy | Chicago MSA | 100% Leased
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
7,800 SF
Building Class
B
Year Built
2000
Price
$2,710,000
Price Per SF
$347
Cap Rate
6.75%
NOI
$182,897
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
1.69 AC
Zoning
business
Parking
49 Spaces (6.28 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1300 SF space for lease- unit B Monthly rent is $2,000/ month- Gross lease.
| Space | Size | Space Use | Position | Available |
| B | 1,300 SF | Retail | End Cap | Now |
B
| Size |
| 1,300 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
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B
| Size | 1,300 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
1300 SF space for lease- unit B Monthly rent is $2,000/ month- Gross lease.
PROPERTY TAXES
| Parcel Number | 24-32-300-013-0000 | Improvements Assessment | $277,695 |
| Land Assessment | $185,130 | Total Assessment | $462,825 |
PROPERTY TAXES
Parcel Number
24-32-300-013-0000
Land Assessment
$185,130
Improvements Assessment
$277,695
Total Assessment
$462,825
-
Brad Dessy -
Hanley Investment Group
1 of 6
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7-Eleven Center | Palos Heights, IL | 6350 W 135th St
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