Thorntons (GL)

9115 Kingery Highway, Burr Ridge, IL 60527

$2,136,000

Cap Rate 5.15%

Views: 194 DOM: 240 Updated: 10.22.24 Posted: 05.01.24 Status: Active

Summary

Price $2,136,000	Built/Renov 2024	Tenant Thorntons (GL)
Cap Rate 5.15%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,500	Lease Start 09-12-2023	#Units 215
Price/SF $388.36	Expiration 09-11-2043	Tenant Type Convenience/Gas
NOI $110,000	R. Term 18.8	Ownership Ground Lease
Rent/SF $20.00	Increases 10.0%/5/yrs	Pop 5Mi 135,341
Lot/AC 1.80	Options 6/5yrs/10%	AHHI 5Mi $150,864

Tom Fritz

Northmarq

Contact

Lease Highlights

Brand new 2024 construction
Thorntons has 19+ years remaining on the current ground lease term with 6 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Below market rent | Rent is 1/3 or new construction c-store average
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Thorntons is strategically located on Kingery Highway, a major north-south thoroughfare, with access to 46,150 vehicles passing by daily. The property is conveniently situated less than two miles from the I-55 interchange (145,272 VPD). Additionally, the area boasts well-known national tenants including Target, Dairy Queen, CVS Pharmacy, Red Roof, Denny’s, and more. Several housing complexes...

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Key Features

New construction
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 15+ yr lease
Below Market Rent
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Thorntons Wikipedia Thorntons Wikipedia Burr Ridge, Illinois Zip Code 60527 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Thorntons
Guarantor:Corp T and Rated
Company:BP p.l.c
# Units:215
Tenant S&P: A-
Moody’s: A2
Stock: NYSE: BP

About Tenant

Thorntons, LLC (dba Thornton’s) is a leading independent chain of gas stations and convenience stores operating across multiple southern and midwestern states. Their locations typically feature...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	7,979	41,048	137,822
2023 Total Population :	7,929	41,488	139,419
2023 Employed Civilian Pop :	4,000	22,173	73,408
2023 Total Businesses :	252	1,950	4,734
2023 Average Household Income :	$ 145,453	$ 155,203	$ 152,845
2023 Total Consumer Spending :	$ 388 M	$ 2201 M	$ 7236 M
2023 Median Age :	39	48	46
2023 Total Households :	3,123	16,820	56,016
2023 Pop Age 25+: Bachelor's Degree :	1,596	10,294	32,930
2023 Average Home Value :	$ 487,731	$ 479,505	$ 476,255

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
State Rte 83	Valley View Dr	2013	32,800	0.03 mi
IL 83		2021	28,700	0.03 mi
State Rte 83	Kingery Hwy	2013	24,100	0.24 mi
91st St	Skyline Dr	2012	5,450	0.27 mi
Kingery Highway		2019	31,400	0.35 mi
S Madison St	90th St	2012	2,850	0.49 mi
Clarendon Hills Rd	Terry Trl	2012	3,350	0.52 mi
Clarendon Hills Rd	Kingery Quarter	2002	4,400	0.55 mi
S Jackson St	94th Pl	2012	450	0.55 mi
91st St	Tim Ct	2012	5,450	0.56 mi

Listing Broker

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