737-753 W Palatine Rd - Convenience Store FOR SALE
Palatine, IL 60067 |
737-753 W Palatine Rd
Palatine, IL 60067
HIGHLIGHTS
- Prospective buyer can enjoy the property taxes and operating expenses paid with no LL responsibilities for 1.5 yrs while searching for new tenant
- A retail or medical office user can occupy the property at the lease expiration or earlier | Approx. 1.5 yrs remaining after exercising 1st option
- Corporate guaranteed by 7-Eleven Inc. (S&P: AA-) | The tenant has a long historical occupancy with the site and has been in operation since 1971
- 7-Eleven master leases the entire 4,480 SF building | Low occupancy costs from tenants produce lower PSF on building and rent
- No landlord responsibilities | Ideal, management-free investment for a passive investor
- Tenant pays for CAM, taxes, and insurance | Price is Subject to Offer | Also available for lease
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
User Owner or Single Tenant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
ADD'L SUBTYPES
Fast Food, Freestanding, Service Station
TOTAL BUILDING SIZE
4840
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
02-22-100-001-0000,02-22-100-002-0000,02-22-100-003-0000
