Thorntons
Retail | 4.50% CAP | 5,938 SqFt
Marketing description
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
Investment highlights
- Thorntons Convenience Store/Fuel Station – Absolute NNN Ground Lease Operates 200+ Stores in the Midwest
- 20 Year Primary Term - Six 5 Year Option Periods 10% Rent Increases Every 5 years
- Highly Trafficked Retail Corridor – 49,700+ VPD on Rand Rd (US Route 12)
- 5,900+ SF Convenience Store with Drive-thru – 15 Fuel Pumps (6 Truck Pumps) – Large 5.18 Acre Parcel
- Less than 1 Mile from Major Retail Corridor – Over 1.1 Million SF of Retail Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The Quentin Collection, and Town Center Promenade
- Nearby 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
- 199,000+ Residents with Average Household Income exceeding $166,289 within a 5 Mile Radius
- New 20 Year Absolute NNN Corp. Ground Lease by Thornton’s Gas & Convenience Store
- High Profile Corner along Rand Rd (Hwy 12) - Main Commercial Artery thru the City
- 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)
- Coupon Clipper Asset - Zero LL Duties with 10% Rent Bumps every 5 Years
- Strong Intrinsics!
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