Property History
Northmarq is pleased to offer the fee simple interest Jewel Osco located in Oswego, IL (the “Property”). Jewel Osco is operating under a Absolute NNN lease expiring on October 31, 2037. The property is 100% guaranteed by Alberstons Companies Inc. and features an assumable loan for a qualified buyer. The annual rent is $694,580 with eight (8), five (5) year options with a 7.5% increase every five (5) years. The Absolute NNN lease structure provides for a passive, secure investment with zero landlord’s responsibilities.
Strong Corporate Credit Guaranty - The lease is 100% guaranteed by Albertsons Companies, Inc., the 2nd largest traditional grocer in the U.S. with annual revenues of nearly $78.8 billion. Albertsons Companies, Inc. currently operates over 2,272 stores under 20 different brands and serves over 35 million customers per week.
Assumable Loan with Favorable Term - Approximate $6.8M, interest-only, assumable, non-recourse loan with a 5.32% interest rate.
Long Term Lease - The tenant is operating under a 20-year lease with initial term expiring in October 2037 leaving approximately 14 years of primary term remaining.
Desirable Rent Increases - Remaining lease features 7.5% rental increases every 5 years.
Highly Accessible Retail Trade Area - The Property is conveniently located at the intersection of Orchard Road and Veterans Parkway (Route 34) in an attractive retail trade area that includes numerous national retailers including McDonald’s, Taco Bell, Walgreens, Dunkin’ Donuts, Chase Bank, BP, Mobil, Sherwin Williams and many others.
Absolute NNN - This lease represents an absolute triple net lease investment, providing passive income and leaving zero Landlord responsibilities for the Property throughout the primary term and option periods.
Favorable Demographics - The Property is located in a desirable suburban location with roughly 387,000 people living within a 10-mile radius earning average household incomes of approximately $138,000 per annum within a 1-mile radius.
Established, Strong Performing Store - Jewel-Osco has operated at this location since 2008 when the Property was originally built for their occupancy. The store continues to demonstrate strong, consistent sales figures. Inquire with Broker for additional details.
Loan History
Financial History
Tax History
Contact Information
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