US - Lubbock, TX
MYR 46,442,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the fee-simple interest in a newly constructed 7-Eleven gas & convenience store in Chicago, IL. The Property represents 7-Eleven’s next-generation Evolution Stores that includes a Loredo Taco Company restaurant.
Purpose-built for the Tenant with expected completion date by June 2023, the Tenant is operating on a new 15-year absolute net lease with attractive 7.5% rent increases every five years and zero landlord responsibilities. The Property is adjacent to a newly constructed Starbucks and to McKinley Park (72-acre multi-sport recreational complex) located in a dense residential and commercial corridor home to leading national brands that are anticipated to drive long-term demand for the Property.
This opportunity allows investors the unique ability to acquire an essential retail asset located in an infill and fundamentally strong Chicago market, offering secure, long-term cash flow backed by an excellent credit tenant with brand name recognition.