7-Eleven Acquires Retail Property In Melrose Park For $7.8M
SOLD
$7,800,000
Illinois
See Similar DealsRetail3,000 SF
Sold 04/22/2022
SOLD
7-Eleven Acquires Retail Property In Melrose Park For $7.8M
120 W North Ave, Melrose Park, IL 60164
See Similar DealsRetail3,000 SF
Sold 04/22/2022
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$2,600
Total Square Footage:3,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
Is there something missing? Send suggestions