Thorntons (GL)

20201 North Rand Road, Kildeer, IL 60074

$7,775,000

Cap Rate 4.50%

Views: 151 DOM: 481 Updated: 07.16.24 Posted: 05.15.23 Status: Active

Summary

Price $7,775,000	Built/Renov 2023	Tenant Thorntons (GL)
Cap Rate 4.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,938	Lease Start 06-01-2023	#Units 215
Price/SF $1,309.36	Expiration 05-31-2043	Tenant Type Convenience/Gas
NOI $350,000	R. Term 18.9	Ownership Ground Lease
Rent/SF $58.94	Increases 10.0%/5/yrs	Pop 5Mi 206,186
Lot/AC 5.18	Options 6/5yrs/10%	AHHI 5Mi $160,540

Lease Highlights

Brand-new 2023 construction
Thortons recently signed a brand-new 20-year lease with 6 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN features zero landlord responsibilities
Corporate guarantee by BP p.l.c (NYSE: BP)

Location Description

This newly constructed Thortons is located along North Rand Road (US Highway 12) with access to over 49,700 vehicles per day. The site comprises a 5,900+ SF convenience store with drive-thru and 15 fuel pumps on a 5.18-acre lot. The subject property is less than a mile from a major retail corridor which includes the Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The...

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Key Features

New construction
Highway location
Dense 200M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Thortons Wikipedia Thortons Wikipedia Kildeer, Illinois Zip Code 60074 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 :	4,761	72,396	203,348
2023 Total Population :	4,879	74,006	207,288
2023 Employed Civilian Pop :	2,648	42,502	117,096
2023 Total Businesses :	316	2,251	7,160
2023 Average Household Income :	$ 149,482	$ 139,923	$ 156,891
2023 Total Consumer Spending :	$ 258 M	$ 3435 M	$ 10535 M
2023 Median Age :	38	39	43
2023 Total Households :	2,047	28,867	79,774
2023 Pop Age 25+: Bachelor's Degree :	1,247	16,314	51,829
2023 Average Home Value :	$ 512,357	$ 399,691	$ 417,759

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Rand Rd	N Plum Grove Rd	2013	47,300	0.10 mi
Lake Cook Rd	Plum Grove Rd	2014	20,200	0.24 mi
US 12		2021	41,600	0.29 mi
Lake Cook Rd	Rand Rd	2010	36,600	0.29 mi
Rand Rd	Lake Cook Rd	2014	30,600	0.47 mi
Lake Cook Rd	State Hwy53	2018	43,600	0.48 mi
Long Grove Rd	Long Grove Rd (Cty A49)	2011	3,750	0.64 mi
Long Grove Rd	Cty A49	2007	4,500	0.66 mi
N Hicks Rd	E Fawn Ln	2013	16,000	0.71 mi
IL 53	Lake Cook Rd	2021	18,700	0.84 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

153 Listings
16638 Views
53 Sold

Eric Carlton

Colliers NNN Group

Contact

165 Listings
17917 Views
56 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

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Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

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