March 25, 2022 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of 7-Eleven in Evergreen Park, Illinois. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $4,392,000.
7-Eleven is located at 2747 West 95th Street in Evergreen Park, Illinois. This is a new construction 7-Eleven that was completed in 2020. The property consists of a 3,016 square foot 7-Eleven with twelve gas pumps and a convenience store on 0.6-acres of land. 7-Eleven has 14 years remaining on their corporate guaranteed Double Net lease followed by three, 5-year renewal options. The lease calls for attractive 7.5% rent increases every five years and at the start of each renewal option. 7-Eleven is strategically located at the signalized intersection of W 95th Street and S California Avenue. The property is across the street from the OSF Little Company of Mary Medical Center, a 244-bed hospital, and less than 2 miles from the Advocate Christ Medical Center and Advocate Children’s Hospital, with more than 1,000 beds combined. The property is also just 1.5 miles from Saint Xavier University with an enrollment of more than 3,000 students.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.