6440-44 W Diversey Ave
7-ELEVEN ANCHORED CENTER – 7% CAP RATE
Neighborhood: Belmont Cragin
Cross Streets: Diversey Ave & Nagel Ave
- Approximately 4,680 SF freestanding retail building on 16,966 SF corner lot.
- 7.0% CAP Rate for $1,485!
- 7-Eleven exercised their option early and extended until 2026!
- 7-Eleven has a full liquor license
Directly across the street from The Brickyard (487,000 SF Shopping Center) whose tenants include Target, Lowe’s, Pier One Imports, Marshalls, Home Depor, Etc.
- Car traffic counts over 18,000 cars per day on Diversey Ave.
- Great demographics over 45,000 people within a 1-mile radius and over 350,000 people within a 3-mile radius.
- 23 on-site parking spaces in addition to street parking!!
PROPERTY OVERVIEW: 4,680 SF 7-Eleven anchored retail center on 16,966 SF corner lot. The offering has excellent frontage with approximately 130 FT along Diversey Ave. & 126 Ft along N. Nagle Ave. 7-Eleven is a national credit tenant & provides more than 70% of the center’s income. 7-Eleven is on a NNN lease thru 2026 with 2-5yr options. This 7-Eleven location has a full liquor license. This
offering features approximately 23 on-site parking spaces, 1 point of ingress & egress along Diversey, and a monument sign at the corner of Diversey & Nagle Ave. This property will attract an investor looking for a Center with a strong International Credit Tenant, minimal management requirements & a well-trafficked area.
LOCATION OVERVIEW: The subject property is located at the northwest corner of W. Diversey & N. Nagle Ave., just one block west of Narragansett Ave. Diversey Ave. is considered a major commercial thoroughfare within Chicago and provides great traffic counts with over 18,000 cars per day. It is approx 3.5 miles from the I-90 Kennedy Expressway, 10 miles from the Loop & approx 7 miles from Lake Michigan. The property benefits from the
significant consumer draw that is generated by being across the street from the Brickyard (487,000 SF Regional Shopping Center) with a tenant mix including Target, Lowe’s, Pier One Imports, Marshalls, Home Depot, etc… The immediate area provides great demographics with over 45,000 people residing within a 1-mile radius and over 350,000 people reside within a 3-mile radius.
7-Eleven is the premier & largest name in convenience store industry, headquartered in Irving, Texas, that operates,
franchises, and licenses some 56,600 stores in 18 countries. The chain was known as Tot’m Stores until renamed in 1946.
The company offers a selection of over 2,500 different products. 7-Eleven was taken private in 2005 by its largest
shareholder and became a subsidiary of their public company Seven & I Holdings. Supermarket News ranked 7-Eleven’s
North America operation #11 in 2007’s “Top 75 North American Food Retailers” based on its 2006 estimated sales of $15
billion. Based on 2005’s revenue, 7-11 was the 24th largest retailer in the United States. As of 2013, 8,144 7-Eleven franchises
existed across the United States. The franchise fees could range from $10,000-$1,000,000 with a variable ongoing royalty