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Brand New 20 Yr. Ground Lease- Large Parcel Thornton's 5,900 SF Retail Building Kildeer, IL 60074 $7,775,000 ($1,317.80/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20 Year Absolute NNN Corp. Ground Lease by Thornton’s Gas & Convenience Store
- Strong Corp Guarantee by Thortons LLC (200+ Locations)- Purchased by BP (NASDAQ: BP)
- New 2023 Prototype Travel Center (Diesel)- Large C-Store and Drivethru- Large 5.18 Acre Site
- High Profile Signalized Corner along Rand Rd (Hwy 12)- Main Commercial Artery thru the City
- Affluent Suburb of Chicago (14 miles from O’Hare)- Huge Residential Growth & Top Demo’s
- Strategically Surrounded by all Major Retail- Deer Park Town Center/Shops at Kildeer (Apple etc)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
5,900 SF
Building Class
B
Year Built
2023
Price
$7,775,000
Price Per SF
$1,317.80
Cap Rate
4.50%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.51 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-35-302-030 | Improvements Assessment | $559,035 |
| Land Assessment | $772,510 | Total Assessment | $1,331,545 |
PROPERTY TAXES
Parcel Number
14-35-302-030
Land Assessment
$772,510
Improvements Assessment
$559,035
Total Assessment
$1,331,545
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Brand New 20 Yr. Ground Lease- Large Parcel | Thornton's
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