Investment Overview

Marcus & Millichap is pleased to exclusively present Jewel-Osco with an extremely rare 20-year lease extension through May 2044. As Chicagoland's top grocer, Jewel-Osco has successfully operated at this location since 1964, demonstrating a strong 60-year history. This high-performing grocer, known for exceptional store sales, is investing in its space, including updates to the parking lot and landscaping. With 188 locations in Chicagoland, Jewel-Osco is a wholly owned subsidiary of Albertsons, Inc. The property boasts excellent real estate and operating fundamentals, with the tenant paying a modest rental rate, achieving an ideal rent-to-sales ratio. The lease includes rental increases every five years, providing a strong hedge against inflation. Situated in an infill location with high barriers to entry and virtually no available land for development, this freestanding Jewel-Osco stands out, as most of its stores operate in-line as part of shopping centers and typically feature only 10-year extensions. The property is surrounded by affluent demographics and high population density, with an average household income exceeding $142,000 within a one-mile radius and a population exceeding 327,000 people within a five-mile radius. Located less than one mile from downtown La Grange and the La Grange Street Metra Station, it provides direct access to downtown Chicago and numerous suburbs. Additionally, it is near many large multi-family complexes, including Homestead Apartments (366 units), The Arboretum Villas at Plymouth Place (59 units), Uptown La Grange Apartments (254 units), and One North Beacon (268 units).