This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
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
247 ft on Janes Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-25-400-037
Land Assessment
£920,858
Improvements Assessment
£566,218
Total Assessment
£1,487,076
  • Listing ID: 33679969

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 2317 75th St, Woodridge, IL 60517

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}