7-Eleven Hoffman Estates_Property for Sale

2250 W. Higgins Road, Hoffman Estates, IL, 60169, US

7-Eleven Hoffman Estates

Asset Description

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.

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Attributes

Asking Price

THB 141,714,000

Building area Net

328 m²

Occupancy

100.00%

Year built

2021

Cap Rate

5.00%

NOI

THB 7,086,000

Media

Investment Highlights

Eligible for Year 1 Bonus Depreciation

Asset qualifies for deductible amount of 80% through the Tax Cuts and Jobs Act (TCJA)

Affluent, Dense Surrounding Community

215,000+ residents with an average household income of $132,000 live within 5 miles of the Asset

Long-Term Net Lease

Over 12.5 years remaining on a NN+ lease with minimal LL responsibilities and 7.50% rental escalations every 5 years

Adjacent to Ascension Medical Campus

Hoffman Estates' largest employer is the Ascension St. Alexius medical campus, directly across the street from the Asset (318 staffed beds, 2,500 employees)

Cash Flow Guaranteed by Corporate Entity