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120 W North Ave, Melrose Pa...

7-Eleven Acquires Retail Property In Melrose Park For $7.8M
SOLDRetail

7-Eleven Acquires Retail Property In Melrose Park For $7.8M

120 W North Ave, Melrose Park, IL 60164

$7,800,000

$2,600/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Apr 21, 2022

AI

A retail property located at 120 W North Ave in Melrose Park was recently sold for $7,800,000. The property spans 3,000 square feet, resulting in a price per square foot of $2,600. The transaction took place on 04/22/2022.

Summary of transaction details

Leading the deal were brokers Matt Nadler and Brendan Conway from Horvath & Tremblay.

Players

Matthew Nadler

Horvath & Tremblay

Broker

$127M

vol

35 deals

Broker
7
7-ElevenTenant

Melrose Park Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93