2392 S Wolf Rd Des Plaines, IL 60018
- Gas stations
- 3.65 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- Exxon / Gas Station
- Mobil / Gas Station
- Laredo Taco Company / Tex-Mex Restaurant
- Amazon Locker - Tancredi / Shipping And Mailing Service
Property Details for 2392 S Wolf Rd
- Year built
- 1964
- Lot size
- 3.65 lot acres
- Property type
- Gas stations
- APN
- 09-30-400-042
- APU
- 930400042
Description
This exceptional investment opportunity presents a 6,865 square foot 7-Eleven convenience store and gas station, built in 2021, situated on a 3.5-acre lot in Des Plaines, Illinois. The property boasts a strong 5.00% cap rate, with a Net Lease structure providing a stable income stream. The current lease, with a corporate guarantee from 7-Eleven (S&P rated A), has 11.5 years remaining, featuring 7.5% rent bumps every five years and four 5-year renewal options, extending the lease to 2036. The property's prime location directly off Interstate 90, near O'Hare International Airport and major expressways, ensures high visibility and significant traffic. The $10,500,000 asking price translates to $1,529.50 per square foot, reflecting the property's exceptional value and potential for long-term growth within the Chicago MSA's 9.4+ million population. The annual net operating income (NOI) is $525,000. This is a turnkey investment with minimal management requirements, offering a secure and lucrative return for discerning investors. The property's strategic location, coupled with the strength of the 7-Eleven brand and the favorable lease terms, makes this an unparalleled opportunity in the Chicago metropolitan area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $11,980,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $9,945,000
- 6.5%
- $10,755,000
- 7%
- $10,670,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,255,000
- Geo Method
- $10,440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,515,000
- Retail
- $10,180,000
- Mixed-Use
- $12,545,000
- Hospitality
- $13,270,000
- Educational
- $13,045,000
- Residential Income
- $12,885,000
- Energy
- $10,055,000
- Income-Based Land
- $9,970,000
- Food Service
- $11,500,000
Location Insight
- Map
- Local Demand
- City
- Des Plaines
- County
- Cook
- State
- Illinois
- Longitude
- -87.9099
- Latitude
- 42.0095
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
