2 Lincolnway North Aurora, IL 60542-1637

Property Details for 2 Lincolnway

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 lot acres

Property size

2,500 SF

Property type

Commercial real estate

APN

15-04-254-024

APU

1504254024

Description

This fee-simple 7-Eleven in North Aurora, IL (60542), offers a compelling investment opportunity. Located at 2 S Lincolnway, this 2,500 square foot convenience store boasts a strong 100% occupancy rate since its opening on July 30, 2004. The property features a newly extended absolute NNN lease with a corporate guarantee, providing significant long-term stability. The current lease term extends until July 31, 2031, with a remaining term of approximately 6.7 years. The lease includes five, five-year renewal options, ensuring continued income generation well into the future. The property's current Net Operating Income (NOI) is $75,000, representing a 5.50% cap rate on the asking price of $1,363,636. The lease agreement includes substantial rent increases, providing significant growth potential for the investor. This is a turnkey investment with no management responsibilities, offering a secure and profitable addition to any portfolio. The property was built in 2004 and benefits from a prime location in a thriving market. This is a rare opportunity to acquire a well-established, high-performing 7-Eleven convenience store with a long-term lease and substantial upside potential.