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
- Property Type: Retail
- Transaction Amount: $7,800,000
- Address: 120 W North Ave, Melrose Park
- Market: Melrose Park
- Tenant: 7-Eleven
- Brokers: Matt Nadler & Brendan Conway - Horvath & Tremblay
- SF: 3,000
- PPSF: $2,600
Leading the deal were brokers Matt Nadler and Brendan Conway from Horvath & Tremblay.
Players
Melrose Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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