Jewel Osco Grocery Store | 2317 75th St
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Jewel Osco Grocery Store 2317 75th St
62,091 SF 100% Leased Retail Building Woodridge, IL 60517 £11,421,700 (£184/SF) 5.50% Net Initial Yield
Investment Highlights
- Albertsons corporate guaranteed lease
- Absolute Triple Net - Zero Landlord Responsibilities
- Strong demographics and traffic counts
- Approximately 15 years remain, plus eight (8), five year options to renew the lease
- Fee simple ownership
- Long term history of success; operating at this location since 1978
Executive Summary
Kidder Mathews and Parasell, Inc. are pleased to offer for purchase an Albertsons grocery store (with a corporate guarantee) located in Woodridge IL. Albertsons has approximately 15 years remaining, plus eight (8), five year options to renew the lease. The lease is absolute triple net with zero landlord responsibilities. The tenant has a long term history of success, operating at the site since 1978 and signed a new 20 year lease in June 2019. Regular rent increases are included in the lease structure (contact broker for details).
Woodridge Illinois/Chicago Illinois
Woodridge is a southwestern suburb of Chicago and is considered one of the best places to live in Illinois. Woodridge, IL, is a very safe place to live; according to the FBI, its crime rate is 85.8% lower than the state and 88% lower than the country. Since Woodbridge is only 30 miles from downtown Chicago, residents of Woodridge can live in a safe and beautiful suburb and drive into the city for the wonderful activities Chicago has to offer such as: architecture river cruise, the Art Institute of Chicago, Millennium Park, Museum of Science and History, the Skydeck, Wrigley Field, the Lincoln Park Zoo, The Chicago Theatre, Chicago Riverwalk and many, many outstanding shopping opportunities and restaurants, coffee bars, wine bars, and microbrewery spots throughout the city.
Woodridge Illinois/Chicago Illinois
Woodridge is a southwestern suburb of Chicago and is considered one of the best places to live in Illinois. Woodridge, IL, is a very safe place to live; according to the FBI, its crime rate is 85.8% lower than the state and 88% lower than the country. Since Woodbridge is only 30 miles from downtown Chicago, residents of Woodridge can live in a safe and beautiful suburb and drive into the city for the wonderful activities Chicago has to offer such as: architecture river cruise, the Art Institute of Chicago, Millennium Park, Museum of Science and History, the Skydeck, Wrigley Field, the Lincoln Park Zoo, The Chicago Theatre, Chicago Riverwalk and many, many outstanding shopping opportunities and restaurants, coffee bars, wine bars, and microbrewery spots throughout the city.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Supermarket
Building Size
62,091 SF
Building Class
C
Year Built
2000
Price
£11,421,700
Price Per SF
£184
Net Initial Yield
5.50%
NOI
£628,193
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
8.01 AC
Zoning
B-1
Parking
481 Spaces (7.75 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Number | 08-25-400-037 | Improvements Assessment | £566,218 |
Land Assessment | £920,858 | Total Assessment | £1,487,076 |
PROPERTY TAXES
Parcel Number
08-25-400-037
Land Assessment
£920,858
Improvements Assessment
£566,218
Total Assessment
£1,487,076
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Jewel Osco Grocery Store | 2317 75th St
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