Retail    

Thorntons

 New Lenox, IL

Price:
$2,133,000

Cap Rate (Year 1):
4.75%

For more details on this exclusive listing

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20-Year

Abs. NNN Lease

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Thorntons

Corporate Credit

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Low Rent

1/3rd of National C-Store Average

Householdincome - white-02-1

$133,000+

Average HH Income (3-Mi)

INVESTMENT HIGHLIGHTS

  • CORPORATE GUARANTEE FROM LEADING C-STORE OPERATOR
    200+ Units & $2.4B Annual Revenue
    Plans to Double Store Footprint by 2030
  • ANNUAL RENT 1/3RD OF AVERAGE AMONG PREMIER C-STORE OPERATORS
    Annual Rent of $101,333 is 1/3rd of Market Average
  • INVESTMENT GRADE PARENT COMPANY
    BP Carries an Investment Grade Credit Rating and Reported $241B in Revenue FY2022
  • LOCATION OUTSIDE OF COOK COUNTY OFFERS TAX ADVANTAGES
    Property is in Close Proximity to Downtown Chicago
  • BRAND-NEW 20-YEAR LEASE
    New 20-Year Lease Offering Long-Term Cash Flow with 6 5-Year Options
  • HIGHLY PASSIVE ABSOLUTE NNN LEASE
    No Landlord Obligations
  • RENTAL ESCALATIONS THROUGHOUT BASE TERM & OPTIONS
    Contractual Rent Growth
  • AFFLUENT CHICAGO SUBURB WITH EXCEPTIONAL DEMOGRAPHICS
    Top Chicago Suburb with Avg. HHI of $133k+
  • STRATEGIC LOCATION NEAR I-55 EXIT
    Less than One Mile from I-80 Interchange
  • PROXIMITY TO DOWNTOWN CHICAGO
    Proximity to Chicago with Immediate I-80 Access
  • LARGE 1.63-ACRE PARCEL
    New Construction on Large 1.63-acre Parcel

Exclusively Listed By

Mackenzie Wolfgram

Associate Vice President
  mwolfgram@northmarq.com      +1 312.777.2454
IL Lic. #475173323

Tom Fritz

Managing Director & Senior Vice President
  tfritz@northmarq.com      +1 847.347.9988
IL Lic. #471018602

Brandon Duff

Managing Director, Senior Vice President
  bduff@northmarq.com      +1 312.240.0162
IL Lic. #475139166

Brandt Fuller

Senior Analyst
  bfuller@northmarq.com      +1 312.777.2446
IL Lic. #475172411

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Chicago, IL 60601


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