1330 Lk St Roselle, IL 60172-3363

Property Details for 1330 Lk St

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.20 lot acres

Property size

3,080 SF

Zone code

C

Property type

Grocery and convenience stores

APN

02-08-213-005

APU

208213005

Description

This exceptional investment opportunity presents a 3,080 square foot Thorntons convenience store and gas station located at 1330 West Lake Street in Roselle, Illinois, 60172. The property sits on a 1.2-acre lot and operates under a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The current lease, with a corporate guarantee from Thorntons, commenced December 17, 2010, and expires December 31, 2025, leaving approximately 1.1 years remaining. The lease includes five, five-year renewal options, with rent increases of 5% every five years or double the Consumer Price Index (CPI), whichever is greater. The property boasts a strong NOI of $240,746, resulting in an attractive 8.00% cap rate and a price per square foot of $977.90. The asking price for this 100% occupied retail property is $3,011,917. Roselle's strategic location in the northwest suburbs of Chicago offers easy access to major transportation routes, including I-90, I-290, and Metra commuter train service, making it an attractive location for businesses. The property's proximity to O'Hare International Airport further enhances its desirability. Thorntons, now part of BP, benefits from the resources and strategic backing of a global energy leader, providing a competitive advantage in fuel sourcing, supply chain management, and expansion efforts. This presents a secure investment opportunity with a strong tenant and significant upside potential.

Location Insight

City

Roselle

County

Dupage

State

Illinois

Longitude

-88.1144

Latitude

41.9702

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments