800 Northwest Hwy - Supermarket FOR SALE


Fox River Grove, IL 60021
$10,046,000 USD
929-229-2614
800 Northwest Hwy, Fox River Grove, IL for Sale
$10,046,000 USD
Supermarket - FOR SALE
1/13
null | 5.5% Cap Rate

800 Northwest Hwy
Fox River Grove, IL 60021


HIGHLIGHTS

  • 12+ Years Remaining | Options To Extend | Rental Increases | Corporate Guaranty (NYSE: ACI)
  • Shopping Center Anchor | Strong Tenant Synergy | Dense Retail Corridor
  • Northwest Hwy (25,500 VPD) | State Hwy 22 (12,800 VPD) | Multiple Points Of Access
  • Strong Demographics In The 5-Mile Trade Area | 6-Figure Incomes

OVERVIEW

SRS Real Estate Partners–Midwest, LLC is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Jewel-Osco investment property. The lease offers over 12 years of remaining primary term, with eight (8) additional 5-year renewal options, providing long-term income security. Rental increases every five years throughout the primary term and at the beginning of each option period drive NOI growth and provide a built-in hedge against inflation. The lease is backed by a corporate guaranty from Albertsons Companies, Inc., further strengthening the asset’s credit profile. The lease structure offers passive ownership with minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

$10,046,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jewel-Osco

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

341

LAND DETAILS

LAND ACRES

6.67 AC

LAND SF

290,545 SF

ZONING

B4

APN/PARCEL ID

20-20-130-037

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.