Retail    

Jewel-Osco

 Oswego, IL

Asking Price

$12,600,000

Cap Rate

5.51%

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Strong Corporate Credit

100% Guaranteed

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Assumable Loan

Favorable Terms

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Long Term Lease

20-Year Lease

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Abs. NNN

Passive Income

Rent Increases

Increases

7.5% Every 5 years

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • 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.
  • 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.
  • Absolute NNN Investment - Providing passive income and leaving zero Landlord responsibilities for the Property throughout the primary term and option periods.

 

 

  • Desirable Rent Increases - Remaining lease features 7.5% rental increases every 5 years.
  • Highly Accessible Retail Trade Area - Located at intersection of Orchard Road and Veterans Parkway (Route 34) in an attractive retail trade area that includes numerous national retailers.
  • 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 $129,000 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.

Exclusively Listed By

In Association With:
Mark Hellwig
IL #471018330

Northmarq

120 West 45th Street | Suite 2610
New York, NY 10036
646.778.5560


northmarq.com