Property summary
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
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
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Bank Credit Union
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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