7-Eleven

191 West Adams Street, Chicago, IL 60604

$4,808,571

Cap Rate 5.25%

Views: 38 DOM: 108 Updated: 05.09.24 Posted: 01.29.24 Status: Active

Summary

Price $4,808,571	Built/Renov 1924	Tenant 7-Eleven
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,700	Lease Start 04-04-2017	#Units 83,282
Price/SF $1,780.95	Expiration 04-30-2037	Tenant Type Convenience/Gas
NOI $252,450	R. Term 12.11	Ownership Fee Simple
Rent/SF $93.50	Increases 10.0%/3/yrs	Pop 5Mi 842,287
Lot/AC 1.39	Options 3/5yrs/10%	AHHI 5Mi $91,859

Lease Highlights

7-Eleven has 13+ years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

7-eleven is strategically located on W Adams Street directly adjacent to the Quincy/Wells CTA “L” station. The property enjoys proximity to multiple transit lines, including the brown, orange, pink, and purple lines. The surrounding area is home to well-known national retailers such as Subway, Dunkin', Citibank, Starbucks, Walgreens, and more. The 5-mile trade area is supported by a population...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

7-Eleven Wikipedia 7-Eleven Wikipedia Chicago, Illinois Zip Code 60603 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: 7-Eleven
Guarantor:Corp T and Rated
Company:Seven & I Holdings Co., Ltd
# Units:83,282
Tenant S&P: A
Moody’s: Baa2
Stock: OTCMKTS: SVNDY

About Tenant

7-Eleven is the world's largest operator, franchisor, and licensor of convenience stores. It operates, franchises, and/or licenses more than 83,000 stores in 19 countries, including over...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	85,945	409,757	861,486
2023 Total Population :	80,753	393,549	848,704
2023 Employed Civilian Pop :	57,853	259,406	510,347
2023 Total Businesses :	19,608	34,329	46,065
2023 Average Household Income :	$ 181,874	$ 164,199	$ 143,826
2023 Total Consumer Spending :	$ 7552 M	$ 29943 M	$ 51195 M
2023 Median Age :	34	35	34
2023 Total Households :	48,457	212,921	413,910
2023 Pop Age 25+: Bachelor's Degree :	27,763	118,658	219,915
2023 Average Home Value :	$ 544,129	$ 594,278	$ 560,331

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
W Adams St	S la Salle St	2010	10,600	0.05 mi
	S Franklin St	2022	4,460	0.05 mi
S Wells St	W Quincy Ct	2010	4,900	0.06 mi
South LaSalle Street	W Quincy Ct	2022	9,500	0.06 mi
Adams St	S Wells St	2021	3,810	0.09 mi
West Monroe Street	S Jefferson St	2022	10,500	0.09 mi
West Jackson Boulevard	Alley	2022	6,300	0.10 mi
S Franklin St	W Quincy Ct	2014	9,300	0.11 mi
West Monroe Street	I- 90	2022	9,300	0.13 mi
S Wells St	W Arcade Pl	2006	9,900	0.13 mi

Listing Broker

Peter Block

Colliers

Contact

7 Listings
224 Views
1 Sold

Christian Pera

Colliers

Contact

5 Listings
158 Views
1 Sold

Peter Block

Clients appreciate my consultative real estate approach and lean on more than 35 years of industry experience. As an executive vice president, I lead Colliers International’s Chicago-based, four-member retail investment practice group. In the most recent calendar year, our team bought or sold 70 properties. These were sales of single tenant net lease investments and multi-tenant shopping centers. I serve as the chairman of Colliers NNN investment practice and have transacted record-settin

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Christian Pera

Christian is a Senior Associate with Colliers Chicago-based Net Lease Investment team. Led by industry veteran Peter Block, the team assists clients across the country in the disposition and acquisition of single-tenant retail assets. In addition to general sales Christian’s primary focus is properties within the major retail sector such as QSRs, Automotive, Pharmacy, Dollar Stores, etc. Christian has a exceptional talent at A trusted advisor for the retail industry, Christian and his team

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