2031 N Gary Ave - Service Station FOR SALE


Wheaton, IL 60187
$3,007,000 USD
510-289-1166
2031 N Gary Ave, Wheaton, IL for Sale
$3,007,000 USD
Service Station - FOR SALE
1/1
null | 5.35% Cap Rate

2031 N Gary Ave
Wheaton, IL 60187


HIGHLIGHTS

  • New 20-Year Absolute NNN Corporate Ground Lease to Thorntons
  • Scheduled 10% Rental Escalations Throughout Primary Term
  • Established Gas Station & Convenience Store Operator with 200+ Locations Across 6 States
  • Wholly-Owned Subsidiary of BP (NYSE:BP)
  • Average Household Income of $182,091 within 1 Mile of Site
  • Approximately 25 Miles from Downtown Chicago

OVERVIEW

A 4,400 square foot retail building and gas station with 8 fuel pumps. The improvements have been built and are owned by Tenant; only the land is for sale. The subject property is centrally located with excellent access and visibility at the signalized hard corner Gary Avenue (16,100 AADT) and Geneva Road (26,900 AADT). The site benefits from robust demographics with a population of 240,319 within a 5 mile radius. Average household income within 1 mile of the site is $182,091 and average home value within that radius is $533,186. Wheaton (population 53,970) is the county seat of DuPage County located approximately 25 miles west of Chicago within the Chicagoland Metropolitan Statistical Area. The Chicago-Naperville-Elgin Metropolitan Statistical Area, the third largest MSA in the U.S. with a population of more than 9.5 million, encompasses Burr Ridge, contributing to its robust economy. This region boasts one of the world’s largest and most diversified economies, with an annual gross regional product of more than $833 billion. No single industry employs more than 20% of the population, reflecting the area’s economic diversity. The region is home to more than 400 major corporate headquarters and 31 Fortune 500 companies. Notable businesses based in the region include Boeing, Kraft Heinz, McDonald’s, Motorola, Discover Financial Services, United Continental Holdings, Walgreens, Aon, J.P. Morgan Chase, Caterpillar Inc., Abbot Laboratories, and more. The area is also home to a significant concentration of tech startups. In Association with ParaSell, Inc. | Costa Mesa, California | A Licensed Illinois Broker #478027307

FOR SALE DETAILS

PRICE

$3,007,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Thorntons Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

C-3

APN/PARCEL ID

05-08-200-026

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.