The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant 7-Eleven property located at 5363 Lincoln Avenue in Skokie, IL for $960,000.
The corporately guaranteed 7-Eleven property is located at the signalized intersection of Lincoln Avenue and Gross Point Road, a prime intersection that experiences traffic counts of 25,000 vehicles per day. The property is located in a densely populated area with approximately 28,000 people living within a one mile radius. 7-Eleven has successfully operated at this location since 1967. There are over six years remaining on the lease.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction, a family partnership based in California. The purchaser was a high net worth individual investor from the east coast. There are six years remaining on the absolute net lease that expires September 30, 2020.
