12803 S Harlem Ave - Supermarket FOR SALE
Palos Heights, IL 60463 |
12803 S Harlem Ave
Palos Heights, IL 60463
HIGHLIGHTS
- INVESTMENT GRADE TENANT – Property features a 13-year lease with a corporate guarantee from Albertsons Companies
- ATTRACTIVE ASSUMABLE DEBT – This property has assumable financing available at a 4.38% interest rate. The loan is coterminous with the lease term
- COMPLETELY PASSIVE INVESTMENT – The lease is absolute NNN (no landlord responsibilities). Lease features 7.5% rental Increases every five years.
- STRONG DEMOGRAPHICS – 250,000+ people within a 5-mile radius, providing a great target market of grocery shoppers.
- RESILIENCE TO ECONOMIC CYCLES – Grocery retail is considered recession-resistant, as consumers prioritize spending on essential goods
- MODERN GROCERY STORE FORMAT – The property, built in 2012, features a modern store layout, a convenient drive-thru pharmacy
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Jewel-Osco (Albertsons)
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
57685
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
290
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
24-31-100-050-0000
