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Thorntons Truck Terminal & Gas Station Ground Lease

3737 S Cicero Ave, Cicero, IL 60804

Listing Price: $5,074,886

Cap Rate
5.30%
Tenant Name
Thorntons
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
305,280
Lease Type
Ground Lease
Rent Per Square Feet
$0.88

Investment Overview

Marcus & Millichap is pleased to present Thorntons Truck Terminal and Gas Station Ground Lease located in Cicero, Illinois. This recently constructed Thorntons was built in 2019 on over seven acres in a infill location. On-site video gaming machines and alcohol sales provide additional tenant revenue. Corporately guaranteed ground lease with zero landlord responsibilities. Located on healthily traveled Cicero Avenue with 48,400 Vehicles passing per day. Located less than one mile from Interstate 55. Situated within an industrial hub, adjacent to multiple truck driving schools and transportation businesses. Located directly across from Hawthorn Race Course.

Investment Highlights

  • Located on Heavily Traveled South Cicero Avenue
  • Interstate-55 is Less than a Mile from the Subject Property
  • Situated Within an Industrial Hub, Adjacent to Multiple Truck Driving Schools and Transportation Businesses
  • Recently Constructed Thorntons Gas Station and Convenience Store
  • Corporately Guaranteed Ground Lease | Zero Landlord Responsibilities
  • 14 Years of Base Term Remaining with 10 Percent Rental Increase in 2029

Exclusively Listed By

Auto Service - Gas-Conv

Thorntons Truck Terminal & Gas Station Ground Lease

Listing Price: $5,074,886

Cap Rate
5.30%
Tenant Name
Thorntons
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
305,280
Lease Type
Ground Lease
Rent Per Square Feet
$0.88

Investment Highlights

  • Located on Heavily Traveled South Cicero Avenue
  • Interstate-55 is Less than a Mile from the Subject Property
  • Situated Within an Industrial Hub, Adjacent to Multiple Truck Driving Schools and Transportation Businesses
  • Recently Constructed Thorntons Gas Station and Convenience Store
  • Corporately Guaranteed Ground Lease | Zero Landlord Responsibilities
  • 14 Years of Base Term Remaining with 10 Percent Rental Increase in 2029

Investment Overview

Marcus & Millichap is pleased to present Thorntons Truck Terminal and Gas Station Ground Lease located in Cicero, Illinois. This recently constructed Thorntons was built in 2019 on over seven acres in a infill location. On-site video gaming machines and alcohol sales provide additional tenant revenue. Corporately guaranteed ground lease with zero landlord responsibilities. Located on healthily traveled Cicero Avenue with 48,400 Vehicles passing per day. Located less than one mile from Interstate 55. Situated within an industrial hub, adjacent to multiple truck driving schools and transportation businesses. Located directly across from Hawthorn Race Course.

Exclusively Listed By

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