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    1740 W Army Trail Blvd Addison, IL 60101

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    For Sale
    $3,915,000

    New construction 7-Eleven with long-term NNN lease near Chicago.

    Property size:
    3,062 SF
    Lot size:
    0.55 Acres

    Property Features for 1740 W Army Trail Blvd

    General Information

    Size
    3,062 SF
    Lot size
    0.55 Acres

    Source: Secure Net Lease - Dallas Agent Bob Moorhead

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New 7-Eleven NNN Lease

    This property features a newly constructed 3,062+/- square foot building on a 0.54+/- acre site. The property is under a brand new, build-to-suit, 15-year NNN lease, which includes 7.5% rental increases every five years. The location is strategic, situated just off I-355, a primary north/south interstate with 38,200+ vehicles per day and 32 miles of direct access to Chicago’s suburbs. It is near the UPS Addison, IL Hub (300,000+ SF) and several million square feet of industrial/retail businesses. The immediate trade area features an estimated population of over 275,000. 7-Eleven, with an S&P rating of A, is the largest chain store operator in the world, with over 85,000 stores. The property is located in Addison, Illinois, 20 miles from downtown Chicago, with a population of 36,724+ (MSA Population: 9.4M+).
    Insight Report Location Intelligence

    Current Use by Public Records

    7-Eleven Convenience Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Angelo Caputo's Fresh Markets - Addison, EL Paisano Super Mercado, Jewel-Osco

    Location Insight

    • Map
    • Local Demand
    City
    Addison
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0315362
    Latitude
    41.931744

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    FAQs

    What type of property is this?
    Grocery and convenience store - New construction 7-Eleven with long-term NNN lease near Chicago.
    Where is this grocery and convenience store located?
    The property is located at 1740 W Army Trail Blvd Addison, IL.
    What is the asking price?
    The asking price for this property is $3,915,000.
    What are key features of this property?
    This property features: - 15-year NNN lease with 7.5% rental increases every 5 years.; - Brand new build-to-suit (2021 construction).; - Strategically located just off I-355 (38,200+ VPD).
    (214) 522-7200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1740 W Army Trail Blvd Addison, IL 60101
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