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3233 Grand Avenue - Thornton's Gas Station, Waukegan, IL

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3233 Grand Avenue - Thornton's Gas Station

Waukegan, IL 60085-2234 - Far North Submarket

Property Type:Retail Sub Type:Service Station Status:Existing Year Built:2016
Building Size:4,400 SF Land Area:1.64 AC (71,438 SF)
For Sale Price:$4,560,000 Price/SF:$1,036.36
Cap Rate:5.00 %
Parking:45 Surface spaces are available

For more information, please see sale comp #3410507

Sale Notes:
Stan Johnson Company is pleased to offer for sale this NNN Thorntons Ground Lease located in Waukegan, IL (Chicago MSA). Waukegan is a north shore, high density suburb of Chicago located along Lake Michigan, approximately 40 miles north of Chicago' s downtown loop. The area offers very high barriers to entry with over 107,000 people within 3 miles of the site and Average Household Incomes exceeding $61,000. The area is anchored by Six Flags Great America, which is one of Chicago's largest tourist attractions with over 3 million visitors per year.
Thorntons is a rapidly growing convenience store chain with over 184 locations across the United States. Forbes magazine recently ranked the company as the 250th largest private company in the country. Annual Revenue is expected to exceed $2 billion in 2016 alone.
Waukegan is a city in and the county seat of Lake County, Illinois. As of the 2012 census estimate, the city had a population of 94,267. It is the ninth-largest city in Illinois by population. It is the fifth-largest city on the western shore of Lake Michigan, after Chicago, Milwaukee, Green Bay, and Kenosha. Waukegan is located 40 miles north of downtown Chicago. The city falls within the Chicago metropolitan area, better known as Chicagoland. The 2012 estimated population total for the Chicago MSA was 9,522,434.

Stan Johnson Company
Tom Fritz
(312) 240-0127

Matt Spangenberg
(312) 240-0127

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