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20765028
20765029

7122 40th St, Stickney, IL 60402

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$11,600,352
568 days on market
Updated 7 days ago

Jewel Osco | Albertsons Corporate Guarantee | Stickney IL

Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 59,009
Cap Rate 5.5%
NOI $638,019
Occupancy 100%
Tenancy Single
Brand/Tenant Albertsons, Jewel-Osco
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/30/2037
Remaining Term 11.4
Rent Bumps Yes
Lease Options 8x5
Price per SqFt $197
Broker Co-Op Yes
Year Built 1996
Year Renovated 2012
Acreage 5.180
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/30/2017
Ownership Fee Simple

Highly Desirable Chicago Area | Very Low Rent-To -Sales Ratio

Marketing description

This passive net-lease opportunity offers a qualified buyer the chance to invest in a leading, national tenant, with a long-term absolute net lease in a highly desirable Chicago neighborhood. This location has incredibly strong store sales and an extremely low rent-to-sales ratio, please call agent for more details!

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.

STICKNEY, ILLINOIS

Just minutes from downtown Chicago, Stickney, Illinois, offers the perfect blend of suburban tranquility and convenient access to big-city perks. As part of the Chicago Metropolitan Statistical Area (MSA), Stickney provides a family-friendly atmosphere, strong community spirit, and affordable living options—all within easy reach of Chicago’s thriving job market, cultural attractions, and diverse dining scene.

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

Investment highlights

  • TOP RANKING JEWEL-OSCO: This store is the 9th MOST VISITED location nationwide, according to Placer.ai

  • LONG TERM ABSOLUTE TRIPLE NET (NNN) LEASE: Zero landlord obligations, with 12 years remaining on the base term

  • STRONG NATIONAL TENANCY: The most popular grocery store in Illinois, Jewel-Osco is a wholly owned subsidiary of Albertsons Companies, with a S&P rating of BB+ and over 2,200 locations nationwide

  • HIGHLY DESIRABLE LOCATION: Densely populated and affluent Chicago suburb, over 543,000 residents with 5 miles of the subject site

  • EXTREMELY LOW RENT-TO-SALES RATIO: The location has incredibly strong store sales, call agent for more info

Listing Contacts

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$638,019.00
$53,168.25/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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