Holliday Fenoglio Fowler, L.P. (HFF) announced the $4.56 million sale of a 4,500-square-foot BP/Circle K service station and Marquette Bank ATM in the Chicago-area suburb of Hickory Hills, Illinois. The HFF team represented a private investor in the sale to the North American development group NNN REIT, which purchased the asset free and clear of existing financing.
“This location benefitted from a high traffic count along with upside potential from the Marquette Bank ATM lease,” said HFF managing director Marc Mandel, who represented the seller along with director Steve Schrenk and senior director Robin Stolberg.
Located 20 miles southwest of downtown Chicago in an area with strong surrounding retailers, the BP/Circle K service station and Marquette Bank ATM are situated on 2.32 acres at 7933 95th Street on the main thoroughfare in Hickory Hills, which exposes the property to more than 20,000 vehicles per day.
Additionally, the property is less than half a mile from Interstate 294, one of the main thoroughfares in the Chicago MSA and boasting daily traffic counts of 156,300. BP/Circle K has operated at the property since 2004 under a triple net lease that has a remaining lease term of six years.