404 Palatine Rd Palatine, IL 60074

This exceptional investment opportunity presents a 3,010 square foot 7-Eleven convenience store and gas station, built in 2021, situated on a 0.79-acre lot at 404 E Palatine Rd, Palatine, IL 60074. The property boasts a 15-year net lease (NNN) with 11.6 years remaining, featuring a corporate guarantee from 7-Eleven, the world's largest convenience store operator. The lease includes a favorable 7.5% rent increase every five years, ensuring consistent income growth. The property enjoys a prime location with easy access to major roads like Route 53, I-90, and I-290, less than a mile from downtown Palatine and under 10 miles from O'Hare International Airport. The high-traffic intersection sees a combined 42,200+ vehicles per day. With a current NOI of $215,000 and a 5.00% cap rate, this offering presents a strong return on investment. The asking price is $4,300,000, translating to $1,428.57 per square foot. The property is 100% occupied and benefits from a strong demographic area, serving a population of 67,223+ within Palatine and a MSA population exceeding 9.57 million. This is a rare opportunity to acquire a well-performing, established asset with a long-term lease and significant upside potential. The property is located approximately 30 miles northwest of downtown Chicago.