1048 S Milwaukee Ave 3,686 SF Retail Building Wheeling, IL 60090 $4,081,651 CAD ($1,107.34 CAD/SF) 6.25% Cap Rate

ParaSell, Inc. is pleased to present the opportunity to acquire a newly constructed Quick Run gas station / convenience store located in Wheeling, Illinois (the “Property”). The Property comprises ±3,678 SF on a 1.63 AC lot and includes 16 fueling positions and 2 diesel pumps. Positioned on a hard corner fronting US 45 (27,600 VPD), a major north-south US highway, the site sits adjacent to Chicago Executive Airport, the 4th busiest airport in Illinois, driving consistent vehicular traffic to the location.
The Property is secured by a 100% Absolute NNN lease with no landlord responsibilities, offering investors the most passive form of commercial real estate ownership. The lease has over 15 years of term remaining alongside four, 5-year renewal options, providing long-term occupancy that is supported by 1.25% annual rent escalations, delivering consistent built-in rent growth throughout the term. Additionally, the lease is personally guaranteed by both operators, whose combined net worth exceeds $35M, reinforcing the investment’s secure profile.