JLL Capital Markets closed the $5.9 million sale of a new, 3,000-square-foot, single-tenant retail building triple-net-leased to 7-Eleven in the North Side of Chicago. JLL marketed the property on behalf of the seller, GW Property Group.
Situated on .53 acres at 3159 N. Clybourn Avenue, the property is a fueling option to the more than 68,000 vehicles that pass by per day at the five-way intersection of Clybourn, Western and Belmont Avenues. The property opened in July 2020 and is in an affluent area that serves the Lakeview, Roscoe Village and North Center neighborhoods.
The JLL Capital Markets team representing the seller was led by managing director Alex Sharrin, director Alex Geanakos and analyst Truman Tiernan.
“Buyer demand for essential retail remains strong as we head into the fourth quarter,” Sharrin said.
