7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030

954 W Monroe St, Chicago, IL 60607

  • For Sale $1,300,000
  • Property Type Retail - Street Retail
  • Property Size 2,518 SF
  • Units 2
  • Property Tenancy Single Tenant
  • Year Built 2005
  • Date Updated Jun 9, 2025
954 W Monroe sits at the lighted intersection of Monroe and Morgan Streets in the heart of the trendy West Loop of downtown Chicago. The Residence at 950 W. Moroe is a 101-unit upscale condo building built in 2005.SVN is pleased to present the exclusively listed Single-Tenant NNN Corporate leased 7-Eleven property presently dark, a street-level, 2,518 square feet condo unit. Located at the lighted intersection of Monroe and Morgan. The property is located in Chicago’s West Loop and is adjacent to the hot Fulton Market area. The storefront is located at the base of the 101-unit 950 Monroe condo building. Two (2) interior parking spaces (P-19 & P-20) come with the property. 7-Eleven pays rent for these two parking spaces. 7-Eleven signed a 15-year NNN lease starting in 2005 with 3 five-year options to renew. In 2020, 7-Eleven entered into negotiations with the present owner to exercise its first 5-year option. The Tenant in 2024 exercised its 2nd 5-year extension, which brings the lease term to May 31, 2030. In September of 2024, 7-Eleven decided to close this store along with 500 other stores.
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Highlights

  • Corporate NNN lease
  • Great downtown Chicago West Loop location in 101-unit constructed condo building built in 2005
  • Investment Grade Tenant rated A and Baa2
  • Located at the lighted corner of Monroe and Morgan
  • No Gas Station Component involved
  • Store is presently dark with rent payable until May of 2030
  • Tenant exercised its 2nd 5-year extension in June of 2024
  • Tenant Leases 2 indoor heated parking spaces
  • Tenant pays Condo Association dues, Real Estate taxes, and all utilities

Contacts

broker
Nicholas Manganais

Svigos Asset Management

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise

  • Transit Score ®

    87/100 Excellent Transit

  • Bike Score ®

    93/100 Biker's Paradise
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Near West Side
  • Zip Code 60607
  • Market Chicago

Points of Interest

  • UIC-Halsted (Morgan Street)

    0.34 miles

  • Morgan

    0.36 miles

  • UIC-Halsted (Peoria Street)

    0.36 miles

  • UIC-Halsted (Halsted Street)

    0.41 miles

  • Clinton

    0.65 miles

  • Grand

    0.78 miles

  • Quincy

    0.94 miles

  • Uber Tent

    1.01 miles

  • Merchandise Mart

    1.08 miles

  • Harold Washington Library-State/Van Buren

    1.21 miles

  • Shell

    0.20 miles

  • Volta

    0.25 miles

  • Blink ParkChip Garage - 1035 Van Buren

    0.27 miles

  • Blink

    0.27 miles

  • Electrify America

    0.30 miles

  • Marathon

    0.69 miles

  • BP

    0.83 miles

  • Citgo

    0.87 miles

  • Tesla Supercharger

    0.99 miles

  • ChargePoint

    1.03 miles

  • 120 N. Racine Parking Lot B

    0.30 miles

  • UIC Lot 8

    0.31 miles

  • 120 N. Racine Parking Lot D

    0.34 miles

  • 120 N. Racine Parking Lot A

    0.34 miles

  • The Site

    0.38 miles

  • UIC Lot 11

    0.41 miles

  • Harrison Street Parking Structure

    0.42 miles

  • Park 1

    0.45 miles

  • Presidential Towers Garage

    0.46 miles

  • UIC Lot 1A

    0.49 miles

  • Ciao! Cafe & Wine Lounge

    0.08 miles

  • Jet's Pizza

    0.10 miles

  • Viaggio Ristorante & Lounge

    0.10 miles

  • Madison Crab House

    0.12 miles

  • Monteverde Restaurant & Pastificio

    0.12 miles

  • Domino's

    0.13 miles

  • Poke Poké

    0.17 miles

  • Green Street Local

    0.17 miles

  • Chicago Waffles

    0.18 miles

  • Sushi Pink

    0.19 miles

  • Mariano's Fresh Market

    0.21 miles

  • Wild Fork

    0.22 miles

  • Target

    0.29 miles

  • Whole Foods Market

    0.29 miles

  • H Mart

    0.43 miles

  • Metro Spice Mart

    0.49 miles

  • Chicago French Market

    0.62 miles

  • Jewel-Osco

    0.66 miles

  • The Maxwell

    1.00 miles

  • Burlington

    1.01 miles

Frequently Asked Questions

How much does 7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030 cost?

The space currently listed for sale at 7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030 asks for $1,300,000.

What is the total square footage of 7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030?

7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030 totals 2,518 square feet.

When was this property built?

7-Eleven Corporate NNN Retail Store (Presently Dark) Leased until 5/30/2030 was built in 2005.

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Contact Listing Broker
broker
Nicholas Manganais

Svigos Asset Management

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