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12803 S Harlem Ave
Palos Heights, IL 60463
Jewel-Osco (Albertsons) · Retail Property For Sale
Investment Highlights
- INVESTMENT GRADE TENANT – Property features a 13-year lease with a corporate guarantee from Albertsons Companies
- COMPLETELY PASSIVE INVESTMENT – The lease is absolute NNN (no landlord responsibilities). Lease features 7.5% rental Increases every five years.
- RESILIENCE TO ECONOMIC CYCLES – Grocery retail is considered recession-resistant, as consumers prioritize spending on essential goods
- ATTRACTIVE ASSUMABLE DEBT – This property has assumable financing available at a 4.38% interest rate. The loan is coterminous with the lease term
- STRONG DEMOGRAPHICS – 250,000+ people within a 5-mile radius, providing a great target market of grocery shoppers.
- MODERN GROCERY STORE FORMAT – The property, built in 2012, features a modern store layout, a convenient drive-thru pharmacy
Property Facts
Property Type
Retail
Property Subtype
Supermarket
Building Size
57,685 SF
Building Class
B
Year Built
2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
10.06 AC
Zoning
C-2 - Commercial
Parking
290 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 24-31-100-050-0000 | Improvements Assessment | $791,641 |
| Land Assessment | $191,170 | Total Assessment | $982,811 |
Property Taxes
Parcel Number
24-31-100-050-0000
Land Assessment
$191,170
Improvements Assessment
$791,641
Total Assessment
$982,811
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