Available For Sale - Retail

2,518 SF | Show Pricing $

AVAILABILITY DETAILS

Size
2,518 SF
Price/SF
Show Pricing $
Listing ID
SA505722
Notes
SVN is pleased to present the exclusively listed Single Tenant Absolute NNN Corporate leased 7-Eleven property- a street-level, 2,518 square feet condo unit. Located at the lighted intersection of Monroe and Morgan the property is located in Chicago’s West Loop and is adjacent to the hot Fulton Market area. The storefront is located at the base of the 101-unit 950 Monroe condo building. Two (2) interior parking spaces (P-19 & P-20) come with the property. 7-Eleven pays rent for these two parking spaces.



7-Eleven signed a 15-year NNN lease starting in 2005 with 3 five-year options to renew. In 2020 7-Eleven entered into negotiation with the present owner to exercise its first 5-year option. The present 5-year option expires on May 31, 2025. 7-Eleven has 3 -5 year options to renew with 10% rent bumps in each 5-year option.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Nicholas Manganais, SVN | Chicago Commercial