Available For Sale - Retail

2,518 SF | Show Pricing $

LISTED BY

Nicholas Manganais
SVN | Chicago Commercial, 312-756-7332

AVAILABILITY DETAILS

Size
2,518 SF
Price/SF
Show Pricing $
Listing ID
SA511976
Notes
SVN is pleased to present the exclusively listed Single Tenant 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 Tenant just exercised it's 2nd 5 year extension which brings the lease term to May 31, 2030. 7-Eleven has 3 -5 year options to renew with 10% rent bumps in each 5-year option.
Uses
Retail

Other Availability in this Property

Space/Suite Square Feet Type Uses Asking Rent/Price
2,518 SF Sale Retail Show Pricing $ chevron_right
Space/Suite
 
Square Feet
2,518 for sale
Uses
Retail
Asking Rent/Price
Show Pricing $

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