2031 Gary Ave Wheaton, IL 60187

This exceptional investment opportunity presents a 20-year absolute NNN ground lease to Thorntons, a wholly-owned subsidiary of BP (NYSE:BP), at 2031 N Gary Avenue in Wheaton, Illinois. The 4,400 square foot convenience store and gas station, built in 2024, sits on a 1.6-acre lot and features eight gas pumps. The property benefits from a prime location at a signalized intersection with high traffic counts (Gary Avenue: 16,100 AADT; Geneva Road: 26,900 AADT), offering excellent visibility and accessibility. The strong demographics are highlighted by an average household income of $182,091 within one mile and an average home value of $533,186 within the same radius. The Wheaton location, approximately 25 miles from downtown Chicago, is within the Chicago-Naperville-Elgin Metropolitan Statistical Area, a robust economy with over 9.5 million people. The lease includes six five-year options with 10% rent bumps every five years and at each option renewal. The current NOI is $160,875, resulting in a 5.35% cap rate, and the asking price is $3,007,000. This is a secure, passive income investment with a strong tenant and significant upside potential due to the lease terms and location within a thriving metropolitan area. The property's location within DuPage County, Illinois, and its proximity to a major metropolitan area contribute to its high value and potential for long-term growth. The substantial population within a five-mile radius (240,319) further underscores the property's strong market position.