Property profile

2 Lincolnway North Aurora, IL 60542

OFF-MARKET
Commercial real estate
Property ID
US28-5912543
2,500 SF 0.31 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,500 SF
Lot 0.31 ac (13,507 SF)
APN 15-04-254-024
UPID US28-5912543

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Bank Credit Union

Location

2 Lincolnway North Aurora, IL 60542-1637
North Aurora metro Census 853004 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k

Owner & transaction history

since 2021
Last sale
$1.1M
2 recorded transactions
2021
$750,000
2004
$478,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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