For Sale
$1,363,636

2 Lincolnway North Aurora, IL 60542

High-Yield Illinois Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
127
This fee-simple 7-Eleven in North Aurora, IL (60542), offers a compelling investment opportunity. Located at 2 S Lincolnway, this 2,500 square foot convenience store boasts a strong 100% occupancy rate since its opening on July 30, 2004. The property features a newly extended absolute NNN lease with a corporate guarantee, providing significant long-term stability. The current lease term extends until July 31, 2031, with a remaining term of approximately 6.7 years. The lease includes five, five-year renewal options, ensuring continued income generation well into the future. The property's current Net Operating Income (NOI) is $75,000, representing a 5.50% cap rate on the asking price of $1,363,636. The lease agreement includes substantial rent increases, providing significant growth potential for the investor. This is a turnkey investment with no management responsibilities, offering a secure and profitable addition to any portfolio. The property was built in 2004 and benefits from a prime location in a thriving market. This is a rare opportunity to acquire a well-established, high-performing 7-Eleven convenience store with a long-term lease and substantial upside potential.

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
2 Lincolnway, North Aurora, Illinois

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.
How can I contact the broker?
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2 Lincolnway
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