Palatine Retail Building For
404 E Palatine Rd, Palatine, IL
Call to check price and availability
3,010 SF building on 0.79 acre site for sale.
Type:RETAIL
Property size:
3,010 SFLot size:
0.37 AcresPrice / SF:
$1,428/SF- Added:
- Dec 12, 2024
- Days on Market:
- 514
- Last Refresh:
- Apr 5 at 10:41 pm
Property Features for 404 E Palatine Rd
General Information
- Standard status
- Active
- Size
- 3,010 SF
- Lot size
- 0.37 Acres
- Property subtype
- RETAIL
Listing agent Bob Moorhead
Listing office Secure Net Lease - Dallas (214) 522-7200
Listing date Dec 12, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas
HighLights
- 7‑Eleven (S&P Rated A) NNN Lease with 12 Years Remaining, featuring 7.5% Rental Increases Every 5 Years.
- Signalized Corner Location with HIGH VISIBILITY at 42,200+ VPD, less than 1 Mile from Downtown Palatine.
- New Construction (2021) 3,010 SF Building on 0.79 Acre Site.
- Easy Access to Major Roads: Route 53, I‑90, and I‑290.
- Less than 10 Miles from O’Hare International Airport.
- Located in Palatine, 30 Miles from Downtown Chicago (Population: 67,223+).
Overview
Constructed in 2021, this property features a 3,010 square foot building situated on a 0.79 acre site. The property has a 15-year lease with 12 years remaining, structured as NNN with 7.5% rental increases every 5 years. Located at a signalized corner, the site benefits from high visibility and accessibility. The intersection sees a combined traffic volume of over 42,200 vehicles per day. The property is less than 1 mile from downtown Palatine and less than 10 miles from O’Hare International Airport. It offers convenient access to major roads including Route 53, Interstate 90 (I-90), and Interstate 290 (I-290). The tenant, 7-Eleven, is the largest chain store operator globally, with over 85,000 stores and an S&P rating of A. The property is located in Palatine, approximately 30 miles from downtown Chicago, Illinois, within a metropolitan statistical area with a population of over 9.57 million and a local population of over 67,223.
Location Intelligence
Current Use by Public Records
7-Eleven
Grocery & Convenience Store
Mobile
Gas Station
Similar Places Nearby
- Jewel-Osco — 45 S Plum Grove Rd, Palatine, IL 60067
Location Insight
- Map
- Local Demand
- City
- Palatine
- County
- Cook
- State
- Illinois
- Longitude
- -88.0333
- Latitude
- 42.1106
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - 3,010 SF building on 0.79 acre site for sale.
Where is this grocery and convenience store located?
The property is located at 404 E Palatine Rd Palatine, IL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 7‑Eleven (S&P Rated A) NNN Lease with 12 Years Remaining, featuring 7.5% Rental Increases Every 5 Years.; Signalized Corner Location with HIGH VISIBILITY at 42,200+ VPD, less than 1 Mile from Downtown Palatine.; New Construction (2021) 3,010 SF Building on 0.79 Acre Site.
