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Thorntons Ground Lease, Huntley, IL

Thorntons Ground Lease

Price $2,855,000
Cap Rate 5.25%
NOI $149,850
Lease Term 20 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 4,400 SF
Lot Size 3.13 Acres (136,343 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» 10% rental increases every five years, providing an excellent hedge against inflation
» Absolute NNN ground lease requires no landlord management, ideal for an out of area investor
» Long-term lease to Thorntons Corporate, one of the largest operators of convenience stores in the United States
» Thorntons’ build out is estimated to be more than $5,000,000 demonstrating their significant capital investment and long-term dedication to the site

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED, GROWING, AND AFFLUENT AREA
» Located at the signalized hard corner of Illinois State Route 47 and Kreutzer Road, with a combined 29,400 vehicles per day at the intersection
» 74,906 residents within a five-mile radius of the property
» Central location in a robustly affluent area, with an average household income of $116,787 within a five-mile radius of the site

CENTRAL LOCATION ON MAJOR RETAIL CORRIDOR IN CHICAGO MSA

» Surrounded by a strong mix of well-established local and national retailers, including Walmart, AutoZone, O’Reilly Auto Parts, 7-Eleven, ALDI, McDonald’s, Starbucks, Walgreens, Dunkin’, Panda Express, and many others
» Within an hour drive of Chicago O’Hare International Airport, Downtown Chicago, and many major tourist attractions

NEW 2020 CONSTRUCTION TO TENANT’S SPECIFICATIONS
» New 2020 construction built to Thorntons’ latest prototype
» Location includes a freestanding convenience store and 10 canopied gas pumps for added customer convenience



Property Description

The property is strategically located at the signalized hard corner of Illinois Route 47 and Kreutzer Road, with excellent visibility and access to 29,400 vehicles per day at the intersection. The site is located in a densely populated and growing area, with 74,906 residents living within a five-mile radius of the site. Visibility is increased by the property’s central location in a robustly affluent area, with an average household income of $116,787 within a five-mile radius of the site. The property is located along Illinois State Route 47, the primary retail corridor in Huntley, and just across from Huntley Grove, a Walmart-anchored shopping center also tenanted by O’Reilly Auto Parts, AutoZone, McDonald’s, Panda Express, and many others. Many other national retailers are in the surrounding area including ALDI, 7-Eleven, Chase Bank, Walgreens, Dunkin’, Starbucks, Jimmy John’s and many others.

The property is located in Huntley, Illinois, which is a part of Kane County and the Chicago Metropolitan Area. Huntley is located in the “Golden Corridor” of Interstate 90 with direct access via Illinois Route 47. Kane County is the fifth largest county in Illinois and is home to the 2nd and 8th largest cities in the state. The Chicago Metropolitan Area, or Chicagoland, is the third largest metropolitan area in the country with a population of almost 10 million people. The region is home to more than 400 major corporate headquarters and 31 in the Fortune 500 including Allstate, Boeing, Caterpillar Inc., Kraft Heinz, McDonald’s, Motorola, United Airlines, Walgreens, and many others.

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