401 CRESCENT BLVD Lombard IL 60148-2452

Marcus & Millichap is pleased to exclusively offer for sale a 7-Eleven anchored center located in Lombard, Illinois. The property consists of 11,500 square feet of gross leasable area spread out over eight tenant suites. This 7-Eleven anchored center sits on a large 1.13-acre lot and is located adjacent to the corner of Crescent Boulevard and St. Charles Road. The traffic counts at this intersection are in excess of 19,100 vehicles per day. The Village of Lombard is situated 20 miles west of Chicago’s central business district and features strong demographics. There is a population of over 107,000 people with an average household income exceeding $101,000 within a three-mile radius. The property is being offered well-below replacement cost at only $89.57 per square foot. Currently, the property is 78 percent occupied, offering a new investor significant upside through leasing the two vacant units. An investor will also benefit as rents at the property are below market, averaging a modest $10.37 per square foot.