737 W RD Palatine IL 60067

The property is located at the signalized, hard corner intersection of W. Palatine Road and S. Quentin Road, averaging 31,000 combined vehicles passing by daily. The site is equipped with a large pylon sign, creating excellent visibility along W. Palatine Road. A user benefits from the nearby Palatine Metra Station, a major commuter rail line operating out of Chicago with 10.6 million passengers reported in 2018.

The property is ideally located just 1-mile west of U.S. Highway 14 (32,900 VPD), a major north/ east commuter thoroughfare traveling through Palatine and the surrounding Chicago suburbs. The asset is ideally situated less than 2-miles southeast of Palatine Plaza, a 137,000 SF shopping center anchored by Ace Hardware and Dollar Tree. W. Palatine Road is one of the primary retail corridors serving the trade area, with other nearby national/credit tenants including Walgreens, AutoZone, Bank of America, Starbucks, and more.

Strong tenant synergy increases consumer attraction to the immediate trade area and promotes crossover store exposure for 7-Eleven. Moreover, Harper College (13,700 students) is located just under 2-miles south of the property, providing the store with a direct customer base from which to draw. The 5-mile trade area is supported by more than 223,000 residents and 148,000 daytime employees with an affluent average household income of $123,000.

• A prospective buyer can enjoy the property taxes and operating expenses paid with no LL responsibilities for 1.5 years while searching for a new tenant, or a retail or medical office user can occupy the property at the lease expiration or earlier.
• Corporate guaranteed by 7-Eleven Inc. (S&P: AA-)
• Approximately 1.5 years remaining after exercising their first option
• The tenant has a long historical occupancy with the site and has been in operation since 1971
• 7-Eleven master leases the entire 4,480 SF building
• Low occupancy costs from tenants produce lower PSF on building and rent
• Tenant pays for CAM, taxes, and insurance
• No landlord responsibilities
• Ideal, management-free investment for a passive investor