Listed by SRS Real Estate Partners New York
$10,046,000
Jewel-Osco
Details
APN 20-20-130-037
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 55,553
Cap Rate 5.5%
NOI $552,530
Occupancy 100%
Tenancy Single
Brand/Tenant Jewel-Osco
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2038
Remaining Term 11.5
Rent Bumps Yes
Lease Options 8 (5-Year)
Price per SqFt $181
Year Built 2000
Buildings 1
Stories 1
Acreage 6.670
Zoning Community Shopping Center (B4)
Parking Spaces 341 spaces
Parking per 1,000 SqFt 6.14
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/18/2018
Ownership Fee Simple (Land & Building Ownership)
Abs NNN | Albertsons Guaranty
Investment highlights
- Over 12 years of lease term remaining on an absolute NNN lease
- Strong store sales performance. 13.7% increase in sales from 2020 to 2025
- Rental increase in 2028 which bumps the buyer's return to a 5.9% cap
- 7.5% rental increases every 5 years throughout the primary term and at the beginning of six option periods
- Limited competition in the market, Jewel-Osco is the only grocer in Fox River Grove
- Backed by a corporate guaranty from Albertsons Companies, Inc. (NYSE: ACI)
- Anchors a larger shopping center featuring national brands including McDonald’s, Ace Hardware, Walgreens, Sherwin-Williams, and Dunkin’
- Located on a high traffic corridor with strong frontage along Northwest Hwy (25,500 VPD) near its intersection with State Hwy 22 (12,800 VPD)
- Wealthy community with an average household income of $153,517 in the 5-mile trade area
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$552,530.00
$46,044.17/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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