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Grocery Store

NNN Jewel | Rare 20-Year Lease Extension

507 E Woodlawn Ave, La Grange Park, IL 60526

Listing Price: $9,328,000

Cap Rate
5.50%
Tenant Name
Jewel Osco
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
46,637
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.00

Investment Overview

Marcus & Millichap is pleased to exclusively present Chicagoland's leading grocer, Jewel-Osco, with an extremely rare 20-year extension through May 2044. This successful location, operating since 1964, consistently outperforms many larger competitors and is set for interior, parking lot, and landscaping upgrades. The lease includes a building expansion option, demonstrating the tenant's long-term commitment. As a subsidiary of Albertsons, Inc., Jewel-Osco operates 188 locations. The tenant pays $11.00 per square foot with 10% rental increases every five years, ensuring robust financial fundamentals. Located in an infill area with high barriers to entry, the site offers ample parking and is surrounded by affluent demographics and a dense population, near downtown La Grange and the Metra Station, enhancing its strategic appeal.

Investment Highlights

  • Extremely Rare 20-Year Lease Extension Through May 2044 with Chicagoland's #1 Grocer
  • Jewel has Continuously Operated at this Location Since 1964 (Successful 60-Year History)
  • High Performing Grocer with Exceptional Store Sales Showing Continual Upward Trend
  • Tenant Will be Remodeling the Interior of the Store in Addition to Parking Lot and Landscaping
  • Tenant is Paying a Modest Rental Rate of $11.00 per Square Foot | Ideal Rent-to-Sales Ratio
  • Average Household Income Exceeds $142,000 within a One Mile Radius

Exclusively Listed By

Financing By

Grocery Store

NNN Jewel | Rare 20-Year Lease Extension

Listing Price: $9,328,000

Cap Rate
5.50%
Tenant Name
Jewel Osco
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
46,637
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.00

Investment Highlights

  • Extremely Rare 20-Year Lease Extension Through May 2044 with Chicagoland's #1 Grocer
  • Jewel has Continuously Operated at this Location Since 1964 (Successful 60-Year History)
  • High Performing Grocer with Exceptional Store Sales Showing Continual Upward Trend
  • Tenant Will be Remodeling the Interior of the Store in Addition to Parking Lot and Landscaping
  • Tenant is Paying a Modest Rental Rate of $11.00 per Square Foot | Ideal Rent-to-Sales Ratio
  • Average Household Income Exceeds $142,000 within a One Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively present Chicagoland's leading grocer, Jewel-Osco, with an extremely rare 20-year extension through May 2044. This successful location, operating since 1964, consistently outperforms many larger competitors and is set for interior, parking lot, and landscaping upgrades. The lease includes a building expansion option, demonstrating the tenant's long-term commitment. As a subsidiary of Albertsons, Inc., Jewel-Osco operates 188 locations. The tenant pays $11.00 per square foot with 10% rental increases every five years, ensuring robust financial fundamentals. Located in an infill area with high barriers to entry, the site offers ample parking and is surrounded by affluent demographics and a dense population, near downtown La Grange and the Metra Station, enhancing its strategic appeal.

Exclusively Listed By

Financing By

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