Circle K - Chicago IL (Avondale)

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire 2760 W Belmont Ave, Chicago, IL - a freestanding, newly constructed Circle K convenience store (the “Property”) featuring a NN lease with 10 years of initial primary term and 7.00% rental increases every 5-years.

The Property is strategically located at the signalized three-way intersection of heavily-trafficked Belmont Ave, California Ave and Elston Ave (~40,000 combined vehicles per day). The Property sits just off Interstate 90 (~262,000 vehicles per day) in the booming Avondale residential neighborhood (~615,000 population within a 3-mile radius) on the city’s northwest side.

This new store is part of Circle K’s new “urban concept” strategy for convenience stores within dense residential areas of the city to benefit from strong visibility and foot traffic.

Investors have the unique opportunity to acquire a newly constructed hard-corner asset with 10-years of primary term, contractual rent growth and committed tenancy in a strong, infill Chicago submarket.