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Jewel-Osco 800 Northwest Hwy 55,553 SF Retail Building Fox River Grove, IL 60021 $10,046,000 ($180.84/SF) 5.50% Cap Rate
Investment Highlights
- 12+ Years Remaining | Options To Extend | Rental Increases | Corporate Guaranty (NYSE: ACI)
- Northwest Hwy (25,500 VPD) | State Hwy 22 (12,800 VPD) | Multiple Points Of Access
- Shopping Center Anchor | Strong Tenant Synergy | Dense Retail Corridor
- Strong Demographics In The 5-Mile Trade Area | 6-Figure Incomes
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
55,553 SF
Building Class
B
Year Built
2000
Price
$10,046,000
Price Per SF
$180.84
Cap Rate
5.50%
NOI
$552,530
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.19
Lot Size
6.67 AC
Zoning
B4 - Community Shopping Center
Parking
341 Spaces (6.14 Spaces per 1,000 SF Leased)
Frontage
349’ on Northwest Hwy
Amenities
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-20-130-037 | Improvements Assessment | $1,696,306 |
| Land Assessment | $852,239 | Total Assessment | $2,548,545 |
Property Taxes
Parcel Number
20-20-130-037
Land Assessment
$852,239
Improvements Assessment
$1,696,306
Total Assessment
$2,548,545
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Jewel-Osco | 800 Northwest Hwy
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