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

  • Over 12 years of lease term remaining on an absolute NNN lease
  • Strong store sales performance. 13.7% increase in sales from 2020 to 2025
  • ?Rental increase in 2028 which bumps the buyer's return to a 5.9% cap
  • 7.5% rental increases every 5 years throughout the primary term and at the beginning of six option periods
  • Limited competition in the market, Jewel-Osco is the only grocer in Fox River Grove
  • Located on a high traffic corridor with strong frontage along Northwest Hwy (25,500 VPD) near its intersection with State Hwy 22 (12,800 VPD)

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.