US - Lubbock, TX
IDR 151,879,034,000 | 6,548 m²
Jones Lang Lasalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a corporate 7-Eleven (the “Property” or “Asset”) located in Hoffman Estates, IL. 7-Eleven Inc. (the “Tenant”) has the largest market share of convenience stores in North America, with 13,000+ stores, and boasts an outstanding investment grade credit rating (S&P: A)
The Property was purpose-built for 7-Eleven, with the Tenant executing a 15-year net lease upon completion of construction in January of 2021.
The Property sits on W. Higgins Road, a major thoroughfare that sees over 30,000 vehicles per day. Directly across the street from the Property, the Ascension Saint Alexius Medical Center (318 staffed beds) is the largest employer in Hoffman Estates, with over 2,500 medical professionals and support staff.
The Offering provides investors with the opportunity to acquire an exceptionally-performing location an affluent suburb of Chicago occupied by an investment-grade Tenant and eligible for 80% bonus depreciation in the first year of ownership.
Eligible for Year 1 Bonus Depreciation
Affluent, Dense Surrounding Community
Long-Term Net Lease
Adjacent to Ascension Medical Campus
Cash Flow Guaranteed by Corporate Entity
Frontage Along Major Hoffman Estates Thoroughfare