737 W Palatine Rd, Palatine, IL 60067

SVN Chicago Commercial is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, investment grade (S&P: AA-), 7-Eleven investment property located in Palatine, Illinois. The tenant, 7-Eleven, Inc., has approximately one (1) year remaining on the current lease term at which time they will vacate the property. A prospective buyer can enjoy the property taxes and operating expenses paid with no LL responsibilities for one (1) year while searching for a new tenant, or a retail or medical office user can occupy the property at the lease expiration or earlier. 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 23,753 SF land 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.

The entire 4,840 SF space is available for a retail or medical office tenant for lease immediately, or a user buyer can occupy between 2,420 to 4,840 SF immediately or enjoy the $76,920.00 NOI until the current 7/11 lease expiration 10/31/23. The property is located at the signalized, hard southeast corner of the 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.