New Construction Thorntons Ground
For Sale
Contact for pricing
20201 N Rand Rd, Palatine, IL 60074
New construction Thorntons with drive-thru and fuel pumps for sale.
Property Size5,938 SF
Lot Size5.18 Acres
Price / SF$1,309
Days on Market1289
Property Features for 20201 N Rand Rd
General Information
Standard status
Active
Size
5,938 SF
Lot size
5.18 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$350,000
Building Details
Tenancy
Single
Listing Agency:
Colliers - Rosemont, Illinois
(949) 724-5561
Listed By:
Peter Block · License #471002226
Source:
Crexi
Added: Feb 8, 2023
Changed: Aug 8
Last Checked: Aug 20 at 12:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
This property features a new construction, 5,900+ SF convenience store with a drive-thru and 15 fuel pumps, situated on a 5.18-acre parcel. It is located directly on Rand Road (US Route 12), which experiences over 49,700+ vehicles per day. The property is positioned less than a mile from a major retail corridor with over 1.1 million SF, including Deer Park Town Center, The Shops at Kildeer, Kildeer Village Square, The Quentin Collection, and Town Center Promenade. Major retailers in the vicinity 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, and Starbucks. The property is located within the Chicago MSA, which has a population of 8.9 million. The primary lease term is 20 years, with six 5-year options and 10% rent increases every 5 years.
Key Highlights
- New construction absolute NNN ground lease with Thorntons.
- 20‑year primary term with six 5‑year options.
- 10% rent increases every 5 years.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
172k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Apparel 28%
Groceries 21%
Dining 11%
Whole Foods Market
Groceries
36,778 visits/mo
0.1 miles
Shell
Shops & Services
18,327 visits/mo
0.1 miles
Shell
Shops & Services
18,084 visits/mo
0.3 miles
DSW Designer Shoe Warehouse
Apparel
16,458 visits/mo
0.3 miles
Marathon
Shops & Services
15,786 visits/mo
0.1 miles
Demographics for 60074, IL
37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New construction Thorntons with drive-thru and fuel pumps for sale.
Where is this grocery and convenience store located?
The property is located at 20201 N Rand Rd Palatine, IL.
What is the asking price?
The asking price for this property is $7,775,000.
What are key features of this property?
This property features: New construction absolute NNN ground lease with Thorntons.; 20‑year primary term with six 5‑year options.; 10% rent increases every 5 years.
