Jewel-Osco | Naperville IL 1767 W Ogden Ave 65,083 SF Retail Building Naperville, IL 60540 $14,586,540 ($224.12/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG TERM ABSOLUTE TRIPLE NET (NNN) LEASE: Zero landlord obligations, with 13 years remaining on the base term
- HIGHLY DESIRABLE LOCATION: Densely populated and affluent Chicago suburb, over 543,000 residents with 5 miles of the subject site
- STRONG NATIONAL TENANCY: The most popular grocery store in Illinois, Jewel-Osco is a wholly owned subsidiary of Albertsons, with over 2,200 locations
- EXTREMELY LOW RENT-TO-SALES RATIO: The location has incredibly strong store sales, call agent for more info
EXECUTIVE SUMMARY
JEWEL-OSCO
Jewel-Osco is Illinois' leading supermarket chain with 189 locations primarily within the Chicago MSA and additional locations throughout Iowa and Indiana. Jewel-Osco maintains market dominance in the Chicago MSA and leads local grocers with the highest market share. Jewel has operated as a subsidiary of Albertsons (NYSE:ACI) since 1999.
NAPERVILLE, ILLINOIS
Nestled within the Chicago Metropolitan Statistical Area (MSA), Naperville combines the charm of a close-knit community with the dynamic energy of a major metro region. As one of the largest suburbs of Chicago, Naperville benefits from easy access to world-class business opportunities, a highly skilled workforce, and the cultural richness of a globally renowned city. With top-rated schools, a vibrant downtown, and proximity to Chicago’s economic hub, Naperville offers an ideal balance of suburban comfort and urban convenience.
Illinois Broker of Record: Steven Weinstock
One Mid America Plaza, Ste. 200
Oakbrook Terrace, IL 60181
P: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
PROPERTY FACTS
AMENITIES
- Banking
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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99,999 SF
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Lorem Ipsum
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Jan 0000
Today, Jewel-Osco, founded in 1899 is a vital part of Albertsons Inc., who is proud to continue serving the Chicagoland area and beyond. In 2013, their parent company, AB Acquisition LLC, acquired Jewel-Osco from SUPERVALU. This transaction brought all Albertsons stores under singular ownership, and additionally expanded to include ACME Markets, Shaw’s and Star Markets to its growing roster of food and drug retailers. In 2015, the parent company doubled its store base through the completion of a merger with Safeway. At present, Jewel-Osco operates stores throughout the Chicagoland area, Indiana and Iowa. All their stores, no matter under which banner they operate, were founded on the philosophy of offering customers the products they want at a fair price, with lots of tender, loving care. They still open their doors every day today with that core value in mind and because of it, they run really great stores.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-22-201-009 | Improvements Assessment | $1,336,500 |
| Land Assessment | $1,189,890 | Total Assessment | $2,526,390 |
