Thorntons - New 20 Year NNN Lease

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors, an opportunity to acquire a new construction absolute NNN ground lease with Thorntons in the Chicago MSA. Positioned directly on Rand Road (US Route 12), which sees over 49,700+ VPD, this site comprises a 5,900+ SF convenience store with drive-thru and 15 fuel pumps on a 5.18-acre parcel. With a 20-year primary term, six 5-year options, and 10% rent increases every 5 years, this is an ideal investment for a coupon clipper or an investor desiring zero landlord responsibilities with steady rent increases.
The subject property is less than a mile from a major retail corridor (over 1.1 million SF) which includes the Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The Quentin Collection, and Town Center Promenade. Major retailers include Best Buy, Dick’s Sporting Goods, William Sonoma, Pottery Barn, Century 16 Theater, Michaels, Nike Factory Store, Nordstrom Rack, Whole Foods, Chick-fil-A, Chipotle, Starbucks, and much more. Positioned within the Chicago MSA (population: 8.9 million) this is an excellent opportunity to purchase a well-located retail ground lease with 20 years of inflation resistant cash flows and 30 years in options.

Available