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Thorntons

1055 N Milwaukee Ave, Riverwoods, IL 60015

Listing Price: $2,760,300

Cap Rate
4.50%
Tenant Name
Thorntons
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
NNN Ground Lease
Rent Per Square Feet
$28.23

Investment Overview

Marcus & Millichap is pleased to offer for sale the leased fee interest in 1055 North Milwaukee Avenue (the Property), a newly constructed 4,400-square-foot fuel station & C-Store in which Thorntons, LLC has just signed a 20-year NNN ground lease. The corporately guaranteed lease features 10% rent increases every five years throughout the firm term and the six, five-year renewal options, to offset inflation. The Property is strategically located across from a Woodman’s Market, near the hard corner intersection of Deerfield Road and Milwaukee Avenue, with visibility to over 36,000 vehicles per day. Other nearby tenants include Target, Sunnyside Cannabis, Chase Bank, Walmart Supercenter, Panera Bread, Verizon, Jewel Osco, and numerous other retailers.

Investment Highlights

  • Long Term NNN Ground Lease – 20 Years Remaining with Six Renewal Options
  • Prominent Riverwoods Retail Corridor – Walmart Supercenter, Sunnyside Cannabis, Chase Bank, Panera Bread, Target, and More
  • Brand New 2022 Fuel Station & C-Store Design
  • Corporately Guaranteed by Thorntons LLC – 200+ Fuel Station & C-Store Locations

Exclusively Listed By

Auto Service - Gas-Conv

Thorntons

Listing Price: $2,760,300

Cap Rate
4.50%
Tenant Name
Thorntons
Years Remaining On Lease
20.1
Guarantor
Corporate Guarantee
Rentable SF
4,400
Lease Type
NNN Ground Lease
Rent Per Square Feet
$28.23

Investment Highlights

  • Long Term NNN Ground Lease – 20 Years Remaining with Six Renewal Options
  • Prominent Riverwoods Retail Corridor – Walmart Supercenter, Sunnyside Cannabis, Chase Bank, Panera Bread, Target, and More
  • Brand New 2022 Fuel Station & C-Store Design
  • Corporately Guaranteed by Thorntons LLC – 200+ Fuel Station & C-Store Locations

Investment Overview

Marcus & Millichap is pleased to offer for sale the leased fee interest in 1055 North Milwaukee Avenue (the Property), a newly constructed 4,400-square-foot fuel station & C-Store in which Thorntons, LLC has just signed a 20-year NNN ground lease. The corporately guaranteed lease features 10% rent increases every five years throughout the firm term and the six, five-year renewal options, to offset inflation. The Property is strategically located across from a Woodman’s Market, near the hard corner intersection of Deerfield Road and Milwaukee Avenue, with visibility to over 36,000 vehicles per day. Other nearby tenants include Target, Sunnyside Cannabis, Chase Bank, Walmart Supercenter, Panera Bread, Verizon, Jewel Osco, and numerous other retailers.

Exclusively Listed By

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