2 Lincolnway North Aurora, IL 60542
High-Yield Illinois Convenience Store
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 127
Highlights
- Prime 7-Eleven investment in North Aurora, IL, with a newly extended lease.
- Long-term, absolute NNN lease provides investor stability and minimal management; 6.7 years remaining, with 5 five-year renewal options.
- 2,500 square foot convenience store with a strong, established customer base; 27-year lease history.
- Significant 15% rent increase built into the lease ensures strong income and growth potential; current NOI is $75,000.
- $1,363,636 asking price, 5.50% cap rate, corporate guarantee.
Property Details for 2 Lincolnway
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 2,500 SF
- Year Built
- 2004
Location Insight
- City
- North Aurora
- County
- Kane
- State
- Illinois
- Latitude
- 41.805826620467
- Longitude
- -88.326947289841
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Illinois Convenience Store
- Where is the retail property located?
- The property is located at 2 Lincolnway North Aurora, IL.
- What is the asking price?
- The asking price for this property is $1,363,636.
- What are key features of this property?
- This property features: Prime 7-Eleven investment in North Aurora, IL, with a newly extended lease.; Long-term, absolute NNN lease provides investor stability and minimal management; 6.7 years remaining, with 5 five-year renewal options.; 2,500 square foot convenience store with a strong, established customer base; 27-year lease history.
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