Thornton's - Service Station FOR SALE


Kildeer, IL 60074
$7,775,000 USD
949-903-3399
Thornton's, Kildeer, IL for Sale
$7,775,000 USD
Service Station - FOR SALE
1/7
null | 4.5% Cap Rate

Thornton's
Kildeer, IL 60074


HIGHLIGHTS

  • Brand New 20 Year Absolute NNN Corp. Ground Lease by Thornton’s Gas & Convenience Store
  • High Profile Signalized Corner along Rand Rd (Hwy 12)- Main Commercial Artery thru the City
  • Strong Corp Guarantee by Thortons LLC (200+ Locations)- Purchased by BP (NASDAQ: BP)
  • Affluent Suburb of Chicago (14 miles from O’Hare)- Huge Residential Growth & Top Demo’s
  • New 2023 Prototype Travel Center (Diesel)- Large C-Store and Drivethru- Large 5.18 Acre Site
  • Strategically Surrounded by all Major Retail- Deer Park Town Center/Shops at Kildeer (Apple etc)

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction absolute NNN ground lease with Thorntons in the Chicago MSA. Positioned directly on Rand Road (US Route 12), which sees over 49,700+ VPD, this site comprises a 5,900+ SF convenience store with drive-thru and 15 fuel pumps on a 5.18-acre parcel. With a 20-year primary term, six 5-year options, and 10% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases. The subject property is less than a mile from a major retail corridor (over 1.1 million SF) which includes the Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The Quentin Collection, and Town Center Promenade. Major retailers include Best Buy, Dick’s Sporting Goods, William Sonoma, Pottery Barn, Century 16 Theater, Michaels, Nike Factory Store, Nordstrom Rack, Whole Foods, Chick-fil-A, Chipotle, Starbucks, and much more. Positioned within the Chicago MSA (population: 8.9 million) this is an excellent opportunity to purchase a well-located retail ground lease with 20 years of inflation resistant cash flows and 30 years in options.

FOR SALE DETAILS

PRICE

$7,775,000 USD

PRICE/SF

$1,318 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Brand New 20 Yr. Ground Lease- Large Parcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.51 AC

LAND SF

196,400 SF

ZONING

-

APN/PARCEL ID

14-35-302-005,14-35-302-020,14-35-302-022,14-35-302-024

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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