2 Lincolnway North Aurora, IL 60542-1637
Property profile & analytics
2 Lincolnway North Aurora, IL 60542-1637
- Commercial real estate
- 2,500 SF
- 0.31 lot acres
Property ID
US28-5912543
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- 7-Eleven / Grocery & Convenience Store
- Western Union / Bank / Credit Union
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Aurora
- County
- Kane
- State
- Illinois
- Longitude
- -88.3273
- Latitude
- 41.8057
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$29,783
$25,965
$329,498
$355,463
-
$77,895
$988,494
$1,066,389
