7-Eleven for Sale in Wheeling, IL
Wheeling, IL
Key Investment Metrics
Price
$4,274,201
Cap Rate
5.0%
Net Operating Income
$213,710
Building Size
3000 SF
Land Area
0.73 Acres
Remaining Term
9.1 years
Lease Expiration
08/30/2035
Lease Term
15 years
Lease Commencement
08/31/2020
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
7.5% Every 5 Years
Property overview
7-Eleven in Wheeling
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,000 SF
- Land area
- 0.73 acres
- Year built
- 2020
- Lease type
- NNN
- Lease expiration
- 08/30/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.