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THORNTONS TRUCK TERMINAL & GAS STATION GROUND LEASE

$5,074,886 | 5.30%

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3737 South Cicero Avenue
Cicero, Illinois 60804

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Features

  • Recently Constructed Thorntons Gas Station and Convenience Store
    • Built in 2019
    • Rare Seven +/- Acre Infill Site
    • On-Site Video Gaming Machines and Alcohol Sales for Additional Tenant Revenue
  • Top Six Thorntons in Visits Nationally (Placer.ai)
  • Corporately Guaranteed Ground Lease | Zero Landlord Responsibilities
    • Lease Guaranteed by Thorntons, Incorporated
  • 14 Years of Base Term Remaining with 10 Percent Rental Increase in 2029
    • Seven, Five-Year Option Periods also Features 10 Percent Rental Increases
  • Located on Heavily Traveled South Cicero Avenue
    • 48,400 Vehicles Passing per Day
  • Interstate 55 is Less than a Mile from the Subject Property
    • Over 170,600 Vehicles Passing per Day
  • Situated Within an Industrial Hub, Adjacent to Multiple Truck Driving Schools and Transportation Businesses
    • Directly Across from Hawthorn Race Course
      On July 30, 2020, Illinois Gaming Board Approved a $400 Million Dollar Casino Development
    • The First-of-Its-Kind Business in Illinois will Feature Slots, Table Games, Enhanced Parimutuel Wagering, Dining Concepts Created in Partnership with Well-Known Chicago Culinary Leaders
    • Hawthorne Casino & Race Course is Anticipated to Open in Late 2021
    • Operates Illinois’ Largest Network of Off-Track Betting Parlors
  • Dense Demographics
    • 335,046 People Live Within Three Miles of Subject Property

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com
* Broker of Record: Steven Weinstock

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