Marcus & Millichap Sells Riverwoods Fuel Station With 20-Year Lease To Thorntons For $2.55M | 1055 North Milwaukee Avenue | Nicholas Kanich | Retail | Sale

Summary

Sale

ILLINOIS

Retail

4,400 sqft

The sale of a 4,400-square-foot fuel station and C-Store in Riverwoods, Illinois has been announced by Marcus & Millichap. The property, located at 1055 North Milwaukee Avenue, was sold for $2,550,000. The asset type is retail, and it is situated in the Riverwoods market. The sale price per square foot is $580.

Summary of transaction details

Property Type: Retail
Transaction Amount: $2,550,000
Address: 1055 North Milwaukee Avenue
Market: Riverwoods

Nicholas Kanich, a first vice president at Marcus & Millichap, handled the listing for the seller, a national real estate developer. He noted the property's attractiveness due to its long-term lease and prime suburban Chicago location. The buyer in this transaction is Thorntons, who has signed a 20-year lease for the property.

Players

All
2

Agents
1
Agencies
1

Nicholas Kanich

First Vice President Investments

$62.9M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: Nicholas Kanich DATE: 09/14/2023 ADDRESS: 1055 North Milwaukee Avenue MARKET: Riverwoods ASSET TYPE: Retail BROKER: Nicholas Kanich - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $2,550,000 SF: 4,400 ~ PPSF: $580 NOTE: Marcus & Millichap announced the sale of a 4,400-square-foot fuel station and C-Store in Riverwoods, Illinois, with a 20-year lease to Thorntons for $2,550,000. Nicholas Kanich, a first vice president at Marcus & Millichap, handled the listing for the seller, a national real estate developer, and noted the property's attractiveness due to its long-term lease and prime suburban Chicago location.

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Address1055 North Milwaukee Avenue

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